Open Access Article SciPap-992
Life Satisfaction of Czech Seniors: What Actually Matters?
by Lea Kubíčková 1,*, Vladimír Hajko 2, Naďa Hazuchová 3 and Martina Rašticová 4

1 Faculty of Business and Economics, Department of Marketing and Trade, Mendel University in Brno, Zemědělská 1, Brno 61300, Czechia

2 Faculty of Business and Economics, Department of Marketing and Trade, Mendel University in Brno, Zemědělská 1, Brno 61300, Czechia

3 Faculty of Business and Economics, Department of Marketing and Trade, Mendel University in Brno, Zemědělská 1, Brno 61300, Czechia

4 Faculty of Business and Economics, Department of Marketing and Trade, Mendel University in Brno, Zemědělská 1, Brno 61300, Czechia

* Authors to whom correspondence should be addressed.

Abstract: We estimate the influence of various factors on life satisfaction of Czech seniors in a large survey sample. We find that good health, more education and awareness of voluntary work participation, employee satisfaction and being currently employed are the main factors that contribute to being satisfied with the current quality of life in the group of Czech seniors. Surprisingly enough, increasing selfreported financial sufficiency is negatively associated with the quality of life. The main factors contributing to the life dissatisfaction are associated with being socially separated. The worst outcomes are recorded for those living in social homes and living alone. Any reported expectations of expected life changes (both positive and negative expectations) are associated with lower probability of life satisfaction.

Keywords: Seniors, Employee Satisfaction, Life Satisfaction, Well-Being, Logit

JEL classification:   J26 - Retirement • Retirement Policies,   J28 - Safety • Job Satisfaction • Related Public Policy

SciPap 2019, 27(2), 992

Received: 4 September 2018 / Accepted: 19 April 2019 / Published: 30 August 2019