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Related Experiment Videos

Subjective retirement.

J Murray

    Social Security Bulletin
    |November 1, 1979
    PubMed
    Summary
    This summary is machine-generated.

    Many individuals do not accurately assess their retirement status. This study found self-perceived retirement closely aligns with hours worked for fully retired or not retired individuals, but not for the partly retired.

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    Area of Science:

    • Gerontology
    • Sociology
    • Economics

    Background:

    • Retirement status is often defined by objective measures, but individuals' self-perceptions may differ.
    • Understanding the alignment between subjective and objective retirement assessments is crucial for policy and individual planning.

    Purpose of the Study:

    • To analyze the extent to which individuals' self-evaluation of their retirement status matches objective measures.
    • To identify factors predicting subjective retirement status.

    Main Methods:

    • Analysis of self-reported retirement status from the Retirement History Study.
    • Comparison of subjective assessments with objective measures like hours worked.
    • Statistical analysis to determine the significance of predictors such as pension receipt, age, and demographics.

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    Main Results:

    • Self-evaluation closely matched objective measures for those completely retired or not retired, primarily based on hours worked.
    • The 'partly retired' category showed less predictability due to definitional issues.
    • Pension receipt and aging were significant predictors, while other demographic and attitudinal factors were not.

    Conclusions:

    • Subjective retirement assessments are largely consistent with objective measures for clear-cut cases (fully retired/not retired).
    • The 'partly retired' status presents definitional challenges and highlights the importance of gradual retirement transitions.
    • Gradual retirement appears to be a significant aspect of retirement during the study period (1969-1975).