|Title||Predictors of Perceptions of Involuntary Retirement|
|Publication Type||Journal Article|
|Year of Publication||2005|
|Authors||Szinovacz, ME, Davey, A|
|Keywords||Retirement Planning and Satisfaction|
Despite the abolishment of mandatory retirement, retirement transitions are not always voluntary. Earlier research based on the Health and Retirement Surveys (HRS) indicates that a noteworthy proportion of retirees perceive their retirement as forced (Shultz, Morton, and Weckerle, 1998). Such perceptions have been linked to poorer adaptation to the retirement transition (Gallo, Bradley, Siegel, and Kasl, 2000; Shultz et al., 1998), but little is known about the conditions (other than health and unemployment) leading to perceptions of involuntary retirement. Indeed, the organizational and economic literatures model retirement as a voluntary and employee-driven transition (Hanish and Hulin, 1990; Hatcher, 2003). A previous study using cross-sectional data from the first HRS wave showed influences of health, financial concerns, and post-retirement leisure interests on perceived involuntary retirement (Shultz et al., 1998). Other studies linked unexpected retirement to health, retiree benefits, age, human capital, and industry (Dwyer and Hu, 2000). We examine factors predicting perceptions of forced retirement among retirees using four waves of the HRS.
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