Purpose: Valuation of life (VOL) represents a construct capturing active attachment to life put forward by M. P. Lawton (e.g., 1999). As old and very old individuals may differ in terms of endorsement and with respect to what makes a life worth living, the present study investigated whether mean levels and the explanatory value of sociodemographic, social, and health predictors for VOL differ between young-old and old-old individuals.
Design And Methods: We presented a sample of 356 community-dwelling individuals aged 65 to 94 years with Lawton's Positive Valuation of Life Scale and established measures to assess predictors of VOL.
Results: Mean levels of VOL decreased from the third to the fourth age. Zero-order correlations showed significant relations between sociodemographic (i.e., age, gender, marital status, education), social (i.e., social contacts, phone calls, volunteering, contact with youth), and health (i.e., mobility, vision, hearing, activity restrictions, activity of daily living [ADL], instrumental ADL [IADL]) indicators. Regression analyses for the domain-specific predictors reduced the number of significant predictors to age, education, grandchildren, vision, and IADLs. When combining all sets of predictors, health explained twice as much variance in VOL compared to social indicators; sociodemographic indicators including age made no independent contribution. Separate analysis for young-old and old-old participants revealed age-differential prediction patterns. For the young-old, the role of health factors was especially strong, whereas specific social factors became more important in the old-old group.
Implications: Age-differential predictive values of the resources seem to indicate positive adaptation to aging. Taking into account such prediction patterns may help to design specific interventions for young-old and old-old individuals.
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http://dx.doi.org/10.1093/geront/48.5.646 | DOI Listing |
MDM Policy Pract
January 2025
Department of Population Health, NYU Grossman School of Medicine, New York, NY, USA.
Unlabelled: Diminishing marginal lifespan utility (DMLU) implies that a particular lifespan increment (e.g., 1 life-year) confers lesser marginal utility if added to longer lifespans (e.
View Article and Find Full Text PDFJ Environ Manage
January 2025
Graduate School of Media and Governance, Keio University, 5322 Endo, Fujisawa City, Kanagawa Prefecture, 252-0882, Japan. Electronic address:
The adoption of residential renewable energy is pivotal for achieving the 'Net Zero' goal, yet financial assessments of household investments in this area remain complex due to dynamic market conditions. This study introduces a novel closed-form financial valuation framework for residential solar photovoltaic (PV) systems, explicitly addressing the uncertainties of electricity market price fluctuations (market risk) and energy policy changes (policy risk) using Geometric Brownian Motion (GBM). A case study in France demonstrates the framework's application, revealing that the discount rate is the most influential factor in solar PV valuation, followed by system lifespan and policy-driven Feed-in Tariff (FiT) rates.
View Article and Find Full Text PDFJ Med Internet Res
January 2025
Virginia Commonwealth University, Richmond, VA, United States.
Health care is undergoing a "revolution," where patients are becoming consumers and armed with apps, consumer review scores, and, in some countries, high out-of-pocket costs. Although economic analyses and health technology assessment (HTA) have come a long way in their evaluation of the clinical, economic, ethical, legal, and societal perspectives that may be impacted by new technologies and procedures, these approaches do not reflect underlying patient preferences that may be important in the assessment of "value" in the current value-based health care transition. The major challenges that come with the transformation to a value-based health care system lead to questions such as "How are economic analyses, often the basis for policy and reimbursement decisions, going to switch from a societal to an individual perspective?" and "How do we then assess (economic) value, considering individual preference heterogeneity, as well as varying heuristics and decision rules?" These challenges, related to including the individual perspective in cost-effectiveness analysis (CEA), have been widely debated.
View Article and Find Full Text PDFJ Med Food
January 2025
Laboratory of Applied Microbiology, Faculty of Sciences of Nature and Life, University Ferhat Abbes Sétif 1, Sétif, Algeria.
L., or "Sedra" in North Africa, is a wild jujube from the Rhamnaceae family. Its fruit, "Nbeg," is used in traditional medicine to treat various ailments, such as tuberculosis, bronchitis, liver disorders, and gastrointestinal issues.
View Article and Find Full Text PDFPharmacoeconomics
January 2025
Centre for Health Economics Research and Evaluation, University of Technology Sydney, PO Box 123, Broadway, NSW, 2007, Australia.
Background: Cost-utility analyses commonly use two primary methods to value productivity: the human capital approach (HCA) and the friction cost approach (FCA). Another less frequently used method is the willingness-to-pay (WTP) approach, which estimates the monetary value individuals assign to avoiding an illness. In the context of foodborne illnesses (FBI), productivity loss represents one of the most significant economic impacts, particularly in developed nations.
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