Predictive Factors for Voluntary and/or Paid Work among Adults in their Sixties

Population aging is a current challenge globally as the Baby Boomers are heading towards retirement. In Finland, a regional-council postulated that the rate of retirement in the region will leave more than half of the population retired in the near future. Hence, this study conducted logistic regressions for predictive factors for voluntary and paid work among adults in their 60s from the region by using the Aging and Well-being of North-Savo Survey. Chi Square tests were also implemented in order to examine the link between their current engagement and their well-being. The logistic regressions implemented showed relative covariates of education, income, health and socioeconomic delineation as predictive factors for current and future engagements in voluntary and paid work. Chi Square tests also revealed a link between the current engagement of the respondents and their well-being. However, further studies will be needed so as to determine the differences in the relativity of the predictive factors by gender. In addition, the study suggests the importance of continuing the discussion of older adult’s productive engagement and its value base in relation to income and outcomes, as well as spiritual empathy and sustainable future for the elderly.