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Eliciting Survival Expectations of the Elderly in Low-Income Countries: Evidence From India

Delavande, Adeline and Lee, Jinkook and Menon, Seetha (2017) 'Eliciting Survival Expectations of the Elderly in Low-Income Countries: Evidence From India.' Demography, 54 (2). 673 - 699. ISSN 0070-3370

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Abstract

We examine several methodological considerations when eliciting probabilistic expectations in a developing country context using the Longitudinal Ageing Study in India (LASI). We conclude that although, on average, individuals are able to understand the concept of probability, responses are sensitive to framing effects and to own versus hypothetical-person effects. We find that overall, people are pessimistic about their survival probabilities compared with state-specific life tables and that socioeconomic status does influence beliefs about own survival expectations as found in previous literature in other countries. Higher levels of education and income have a positive association with survival expectations, and these associations persist even when conditioning on self-reported health. The results remain robust to several alternative specifications. We then compare the survival measures with objective measures of health. We find that activities of daily life, height, and low hemoglobin levels covary with subjective expectations in expected directions.

Item Type: Article
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Faculty of Social Sciences > Institute for Social and Economic Research
Depositing User: Jim Jamieson
Date Deposited: 13 Mar 2017 11:14
Last Modified: 12 Sep 2018 10:15
URI: http://repository.essex.ac.uk/id/eprint/19335

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