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LAD Regression Application: Factors Affecting Household Expenditures of Working Elderly in Turkey

LAD Regression Application: Factors Affecting Household Expenditures of Working Elderly in Turkey
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Author(s): Kübranur Çebi Karaaslan (Erzurum Technical University, Turkey)
Copyright: 2022
Pages: 16
Source title: International Perspectives and Strategies for Managing an Aging Workforce
Source Author(s)/Editor(s): Fatma Ince (Mersin University, Turkey)
DOI: 10.4018/978-1-7998-2395-7.ch004

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Abstract

Household expenditures are important indicators in many aspects, especially in the economic growth of a country. One of the most important determinants of expenditures is the head of the household working within the framework of the household's income. From this point of view, the aim of the study is to determine the factors affecting the household expenditures of the heads of the household who are 60 years of age and older living in Turkey. In this framework, the data set of the Household Budget Survey of the Turkish Statistical Institute was used for the years 2015-2019. The least absolute deviation regression was used for the data set analysis. As a result of the study, it was determined that the gender of the head of the household, educational status, economic indicators, especially income, and social indicators were effective on the expenditures of the households. The results of the study provide valuable information to researchers, decision-makers, and policymakers who want to study this issue to understand the household spending patterns of working elderly household heads.

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