Abstract
This study investigated the relationship of retirement context and psychological factors with well-being using data on 284 retired married men and women (aged 52-75 years). Measures of retirement context, psychological factors and well-being were used to obtain data from the retirees. Findings show that retirement status, job challenges, financial situation, physical health, activity level, and social support separately predicted psychological well-being. However, there were no significant effects of marital quality and social status on psychological well-being. Results also revealed that preretirement expectations, self efficacy, perceived stress, and optimism separately predicted psychological well-being. Interaction effects of retirement status and job challenges with gender predicted life satisfaction but not depressive symptoms. The results indicate the importance of examining the contextual and psychological factors in understanding the relationship between retirement status and psychological well-being.
Highlights
Retirement has been viewed as one of the later life status transitions our knowledge of its psychological consequences is fragmentary (Kim & Moen, 2002)
Hypotheses H1a, H1b, H1c, H1e, H1g, and H1h were supported. These results suggest that retirement status (Voluntary retirement), adequate financial situation, adequate physical health, high activity level and high social support are related to high life satisfaction and low depressive symptoms
Hypotheses H5a, H5a, H5c and H5d were supported. These results indicate that higher pre-retirement expectations, self-efficacy, and optimism are related to higher life satisfaction and lower depressive symptoms
Summary
Retirement has been viewed as one of the later life status transitions our knowledge of its psychological consequences is fragmentary (Kim & Moen, 2002). It is an objective development and social-psychological transformation that is related to physical and psychological well-being (Moen, 2001).Retirement may promote a sense of well-being of workers moving out of demanding and /or stressful career jobs. Gall, Evans and Howard (1997) found no relationship between retirement and life satisfaction while a positive effect of retirement on health or reduced stress level was found by Midanik, Soghikian, Ramson and Tekawa (1995)
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