In addition, it is a primary element in successful aging. Prior studies suggest that life satisfaction has a strong relation to socio-demographic and psychosocial variables (Dubey et al
Therefore, they regularly job-hop and opt for creative, entrepreneurial ventures. General Characteristics of Generation X and the Baby Boomers Generation X: shaped by dual career and single parent families and by organizational change resulting from advanced technology and globalization (Eisner
Wealth also offers protection in cases of increased expenses such as increased medical expenditures, which may occur due to illnesses. Owing to the fact that wealth accrues over time, it is possible that the baby boomers really relate it in terms of successful aging (Galobardes, 2006)
This concept on the relationship between wealth and well-being gunners support from the micro-economics theory, which states that an increase in the level of income of a society, would result to other things remaining constant to a greater well-being (McLaughlin, 2008) Government Impact Although population aging is a "crisis" in a way, owing to the fact that the older population will not contribute to the development of a country, governments in the globe are viewing ageing from a different point-of-view. For instance, the New Zealand government has approached this challenge through its Positive Ageing Strategy (PAS) (Glasgow and Davey, 2006)
In support for this statement, a survey of 1400 Australians aged 55-74 years reported that there were numerous positive things associated with aging such as more time and freedom, free to do what one wishes, enjoying the experience and wisdom, and knowledge. A typical example is the Australian Unity Wellbeing Index, which carries out telephone interviews with a sample of 2000 adults (Howe and Danoth, 1997)
For instance, the role theory says that throughout life; people play numerous roles to assist with developing self-concepts, norms of behaviors and defining the person. However, the roles change with the rate at which the people, circumstances, and environments change (Hooyman and Kiyak, 1988)
In one hand, the outcome of spreading growth and welfare results to the poor countries' population grows older. On the other hand, in the developed countries, population growth is slow due to decreased fertility, mortality and emigration of young people (Illes, 2013)
However, research suggests that although the baby boomers are inadequately educated, they take part in education at their later stages of life. This is because they know that education has a connection to the well-being, which is consistent (Meeks and Murrell, 2001)
People with substantial amounts of wealth at retirement can access various opportunities. This concept on the relationship between wealth and well-being gunners support from the micro-economics theory, which states that an increase in the level of income of a society, would result to other things remaining constant to a greater well-being (McLaughlin, 2008) Government Impact Although population aging is a "crisis" in a way, owing to the fact that the older population will not contribute to the development of a country, governments in the globe are viewing ageing from a different point-of-view
, 1999). In the boomer generation, this gender variation arises because of the commitment of women to creating friendships, whereas men spend most of their time in their jobs (Unger et
Information technology including computers, internet can provide opportunities for the older people. On the other hand, internet access can overcome functional and geographic challenges and create many opportunities including business, banking, leisure, and access to information (Scott, 1999)
Their capability to see hear, or remember alters substantially. In addition, an individual will lack the ability to keep up with simple tasks such as reading, although they were in a position to before (Warnick, 1999)
167). Feed-In Tarriffs The decentralization of energy production has introduced a pricing mechanism known as feed-in tariffs that are intended to encourage renewable energy development (Barclay, 2010)
Taken together, it is clear that centralized and decentralized energy production systems have significant advantages and disadvantages, but there are some other issues involved in this analysis that must be taken into account and these are discussed further below. Discussion The traditional centralized generation of power is still the most important part of the energy grid, but the need for more efficient method of generation and delivery has forced the energy industry to restructure over the past decade (Blumsack, 2007)
337). One of the major problems with having such a highly connected and centralized electricity grid is system reliability (Bluvas, 2007)
One of the most significant advantages of centralized power generation systems is potential economies of scale that can be realized. In addition, other costs associated with power generation such as maintenance and repair are typically less in centralized operations because these facilities can employ full-time on-site personnel for these functions (Cohen, 2001)
36). As of 2009, ten states in the United States were considering implementing feed-in tariff regulatory mechanism comparable to the tariffs adopted by eighteen of the European Kyoto Protocol countries, but these mechanisms still face constitutional challenges (Ferry & Laurent, 2010)
822). Recent estimates of these external costs place the total as high as $120 billion in the United States for 2005 alone (Gohlke et al
337). This is changing, though, and distributed generation is becoming an increasingly popular alternative for many regions in the United States (Hester & Gross, 2001, p
Dell has succeeded in growing profitably and consistently across the last decade due to their highly efficient and unique supply chain that fuels their build-to-order production system and selling strategies globally (Gunasekaran, Ngai, 2009). Dell also has successfully been able to create highly collaborative workflows throughout its supply chains and have successfully transformed knowledge into a competitive advantage (Bilek, 2010)