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