Related Experiment Videos
Consequences of retirement.
Journal of Gerontology
|January 1, 1984
Summary
Retirement significantly impacts income but has minimal effects on health, social activity, and life satisfaction. Early retirement shows stronger consequences than retiring at normal ages.
Area of Science:
- Sociology
- Gerontology
- Economics
Background:
- Understanding the multifaceted impacts of retirement is crucial for individuals and policymakers.
- Previous research has yielded mixed results on retirement's effects on various life domains.
Purpose of the Study:
- To investigate the consequences of retirement on income, health, social activity, and attitudes.
- To differentiate the effects of early retirement versus retirement at normal ages.
Main Methods:
- Analysis of six longitudinal data sets.
- Controlling for pre-retirement characteristics to isolate retirement's impact.
Main Results:
- Retirement accounts for 50-75% of income differences between retired and working men.
- Minimal impact of retirement on health, social activity, and attitudes like life satisfaction.
- Early retirement demonstrates more pronounced effects compared to retirement at normal ages.
Conclusions:
- Retirement's consequences are contingent upon the specific outcome measured and the timing of retirement.
- Income is significantly affected, while health and psychosocial well-being show resilience to retirement.