The Well-Being of Retirees: Evidence Using Subjective Data

TitleThe Well-Being of Retirees: Evidence Using Subjective Data
Publication TypeReport
Year of Publication2004
AuthorsBender, KA
Series TitleCenter for Retirement Research at Boston College Working Papers
Document Number2004-24
InstitutionCenter for Retirement Research at Boston College
CityBoston
Call Numberwp_2004/BenderCRR2004-24
KeywordsExpectations, Health Conditions and Status
Abstract

While previous economic research focuses on the financial well-being of retirees, this paper examines the determinants of overall well-being of retirees. Using data from the 2000 Health and Retirement Study, the strongest predictor of retirement well-being is the reason for entering retirement. If individuals were forced to retire, their well-being is significantly lower than those who chose to retire. This indicates the importance of expectations on retirement satisfaction. Additionally, health, current income, and comparison retirement income have important roles in determining overall well-being.
URLhttps://crr.bc.edu/working-papers/the-well-being-of-retirees-evidence-using-subjective-data/
Endnote Keywords

Retirement Expectations/Subjective expectations/Well Being
Endnote ID

13742
Citation Key5583