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Related Experiment Videos

Retirement choice and retirement satisfaction

D C Kimmel, K F Price, J W Walker

    Journal of Gerontology
    |July 1, 1978
    PubMed
    Summary

    Voluntary retirement is linked to higher income, better health, and more support, leading to greater satisfaction. However, pre-retirement feelings and health status are stronger predictors of retirement satisfaction than the decision type.

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    Area of Science:

    • Gerontology
    • Sociology of Retirement
    • Occupational Health Psychology

    Background:

    • Understanding factors influencing retirement decisions is crucial for individual well-being and policy development.
    • Distinguishing between voluntary and non-voluntary retirement is key to analyzing retirement experiences.

    Purpose of the Study:

    • To identify factors differentiating voluntary from non-voluntary retirees.
    • To assess the impact of retirement decision type on retirement attitudes and satisfaction.

    Main Methods:

    • Comparative analysis of voluntary and non-voluntary retirees.
    • Survey data collected from 1486 recent retirees across seven major corporations.

    Main Results:

    • Voluntary retirees generally had higher income, occupational status, and health.
    • Voluntary retirees reported more positive pre-retirement feelings and greater family support.
    • While voluntary retirees showed higher satisfaction, health status and pre-retirement feelings were stronger predictors of satisfaction.

    Conclusions:

    • Retirement decision type is associated with specific demographic and psychosocial factors.
    • Pre-retirement health and attitudes significantly influence retirement satisfaction, irrespective of decision voluntariness.
    • Findings inform preretirement counseling and retirement policy adjustments.

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