An analysis of well-being in retirement: The role of pensions, health, and 'voluntariness' of retirement

TitleAn analysis of well-being in retirement: The role of pensions, health, and 'voluntariness' of retirement
Publication TypeJournal Article
Year of Publication2012
AuthorsBender, KA
JournalThe Journal of Socio-Economics
Volume41
Issue4
Pagination424-433
KeywordsDemographics, Employment and Labor Force, Expectations, Health Conditions and Status, Pensions
Abstract

This paper examines a wide range of determinants of retiree well-being of retirees. Using data from the 2000 Health and Retirement Study, increases in economic factors such as income lead to higher well-being, although relative income has a larger effect than absolute income. The strongest predictors are the voluntariness of entering retirement, pension characteristics, and health. Retirees forced to retire or have defined contribution pensions or bad health have significantly lower well-being. The results suggest a more nuanced approach in addressing retiree well-being than just a focus on the economic well-being of retirees. PUBLICATION ABSTRACT

DOI10.1016/j.socec.2011.05.010
Endnote Keywords

Socioeconomic factors/Pensions/Defined contribution plans/Subjective well-being/Employee pension plans/Quality of life/Psychological aspects/psychosocial

Endnote ID

69632

Citation Key7753