Gradual Retirement, Sense of Control, and Retirees' Happiness

TitleGradual Retirement, Sense of Control, and Retirees' Happiness
Publication TypeJournal Article
Year of Publication2009
AuthorsCalvo, E, Haverstick, K, Sass, SA
JournalResearch on Aging
Volume31
Issue1
Pagination112
Call Numbernewpubs20090908/Calvo_etal112.pdf
KeywordsEmployment and Labor Force, Retirement Planning and Satisfaction
Abstract

The aim of this study was to explore the factors that affect an individual's happiness while transitioning into retirement. Recent studies have found that workers often view the idea of gradual retirement as a more attractive alternative than a cold turkey or abrupt retirement. However, there is very little evidence as to whether phasing or cold turkey makes for a happier retirement. Using longitudinal data from the Health and Retirement Study, the authors explored what shapes the change in happiness between the last wave of full employment and the first wave of full retirement. The results suggest that what matters is not the type of transition (gradual retirement or cold turkey) but whether people perceive the transition as chosen or forced.

Endnote Keywords

RETIREMENT/Older workers

Endnote ID

20140

Citation Key7321