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Predictors of retirement

E B Palmore, L K George, G G Fillenbaum

    Journal of Gerontology
    |November 1, 1982
    PubMed
    Summary
    This summary is machine-generated.

    Retirement predictors differ based on definition. For men over 65, job and socioeconomic factors predict objective retirement. Early retirement and age at retirement involve both structural and personal factors.

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    Area of Science:

    • Gerontology
    • Sociology
    • Economics

    Background:

    • Understanding retirement predictors is crucial for policy and individual planning.
    • Previous research has yielded mixed results due to varying definitions of retirement.

    Purpose of the Study:

    • To analyze the predictors of retirement among men using diverse definitions.
    • To identify factors influencing objective, early, and age-at-retirement.

    Main Methods:

    • Analysis of data from seven longitudinal studies.
    • Application of multivariate analyses and unbiased statistical techniques.
    • Examination of multiple definitions of retirement.

    Main Results:

    • Retirement predictors significantly vary based on the definition used.

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  • For men over 65, socioeconomic status and job characteristics strongly predict objective retirement.
  • Early retirement and age at retirement are influenced by both structural and subjective factors, with subjective characteristics being more impactful.

    • Conclusions:

    • The definition of retirement is critical when examining its predictors.
    • Both structural and subjective factors play a role in retirement timing and decisions.
    • Future research should consider the multifaceted nature of retirement.