Life Satisfaction In Retirement Research Articles

Образование как фактор удовлетворенности жизнью на пенсии

<p>Despite ample evidence of the positive impact of education on people's lives, the duration of this effect have not been sufficiently explored. The purpose of the present study is to identify how the level of education affects various aspects of life satisfaction in retirement. In order to realize the goal, a structural model of the influence of education on life satisfaction in retirement was developed and verified on a sample of pensioners from the industrial region of Russia (n=291), highlighting the role of cognitive phenomena (psychological age and basic beliefs). The results of the analysis of the empirical model confirm the main hypothesis: a higher level of education increases life satisfaction in retirement, both directly and indirectly – through cognitive structures. It affects all measured indicators of satisfaction: psychological well-being, income satisfaction, perception and attitude towards retirement period of life, subjective assessment of health. The results of the study expand the understanding of the role of education as a factor of late socialization, and also serve as a basis for recommendations on the content of the learning process.</p>

Economic Stress and Life Satisfaction in Retirement Among Korean Older Adults: The Roles of Different Types of Social Support

There are three financial pillars of retirement that retirees expect to rely on to support them: personal pension savings, employer-sponsored pension, and social security (World Bank, 1994). Howeve...

Multidimensional Retirement Planning Behaviors, Retirement Confidence, and Post-Retirement Health and Well-Being Among Chinese Older Adults in Hong Kong

Maintaining health and well-being in later life is becoming increasingly crucial because of rapid population aging and prolonged years in retirement. Retirement planning may effectively enhance retirement preparedness and confidence and contribute to better post-retirement outcomes. The present study aimed to examine Hong Kong aging adults’ engagement in multidimensional retirement planning activities, their retirement confidence, as well as the mediating effects of retirement confidence on the relationships between retirement planning and health and subjective well-being (i.e., physical health, depressive symptoms, and life satisfaction). Face-to-face questionnaire survey was conducted to collect data from 630 retirees aged 50 years and over. The results showed that retirement planning both directly and indirectly influenced physical health, depressive symptoms, and life satisfaction through retirement confidence. Among the four planning subdomains (i.e., financial, health, social life, and psychological planning), health, social life, and psychological planning were found to have positive impacts on physical health and life satisfaction through increased retirement confidence levels, while only social life planning influenced depressive symptoms through retirement confidence. Retirement planning in financial domain was not correlated with retirement confidence but could directly benefit life satisfaction in retirement. The findings reveal the need for the policymakers and service providers to improve public education to raise future retirees’ awareness of the importance of retirement planning and promote retirement planning activities, especially social life planning.

Gender Disparities in Life Satisfaction After Retirement: The Roles of Leisure, Family, and Finances.

Recent research on life satisfaction in retirement explores gender differences but yields inconsistent patterns and does not consider gendered sources of satisfaction. We use a gender relations framework to examine whether women and men experience different changes in life satisfaction with retirement, and whether observed differences are a consequence of different assessments of the leisure, family, and financial situations that characterize their post-retirement lives. We use longitudinal data drawn from men and women in the Health and Retirement Study who transitioned into retirement between ages 62 and 72 for the first time between 2008 and 2016 (N = 593). We employ ordinary least squares regression and mediation tests to assess gender differences in overall and domain-specific life satisfaction (i.e., leisure, family, finances). Men reported increased life satisfaction following retirement, but women did not. No gender differences related to leisure or family life post-retirement emerged. Gender was associated with post-retirement satisfaction with finances (p < .001), with men reporting higher financial satisfaction. Mediation models confirmed a gender disparity in overall life satisfaction mediated by satisfaction with finances post-retirement (p < .01), explaining approximately one-third of the disparity. This study shows men derive greater improvements in life satisfaction in association with retirement than do women, and some of this disparity relates to women's lower satisfaction with their finances. These findings should caution policy-makers from assuming how women's increased labor force participation influences financial security in retirement, and encourage scholars to consider how gender influences subjective assessments of later life.

Life Satisfaction in Retirement: The Direct Influence of Gender, Self-esteem and Health Locus of Control in Southwestern Parts of Nigeria

The study investigates the direct influence of gender, self-esteem and health locus of control on life satisfaction among retirees in two states in the South-western part of Nigeria. Using ex-post ...

Spending, Relationship Quality, and Life Satisfaction in Retirement

Prior economic research has focused on the relation between money and well-being, rather than how resources are used to elicit life satisfaction in retirement. Using Satisfaction with Life Scale (SWLS) along with data from the Health Retirement Study (HRS), this research explores how spending and relationship quality contribute to life satisfaction in retirement, controlling for financial and human capital factors. The results provide evidence to suggest that leisure spending, health status, and spousal and friend relationships have the greatest impact on creating life satisfaction during retirement, while other type of spending and children relationships do not.

Education as a correlate of life satisfaction among formal sector retirees in Lagos State, Nigeria

The effect of education on life satisfaction among formal sector retirees in Lagos State was assessed to determine its impact on life adjustment in retirement. The study also examined the effects of education on self-rated health and well-being of formal sector retirees. Life course perspective, dependency theory, Modernization theory of ageing and wealth flow theory were adopted for the theoretical framework. Using a multi-staged systematic sampling method, retirees from the public sector and organized private sector were covered through questionnaire and structured interviews. Questionnaires were administered on 1321 retirees while 20 in-depth interviews were conducted for executive members of pensioners’ unions and pension managers. Older retirees with at least secondary education had better living conditions and reported higher life satisfaction than their counterparts with lower educational qualifications. The paper concludes with a policy implication, stressing the importance of income security and life skills to retirement planning and life satisfaction in retirement.

Fear as a Predictor of Life Satisfaction in Retirement in Canada

In developed countries, healthy retirees can fulfill their life, but may fear growing old. Yet, there is little empirical data on the relationship between this fear and life satisfaction. This cross-sectional, correlational survey study tested whether a new, summated measure of Fears About Growing Old (FAGO)—derived from exemplifications of Laslett, who posited the theory of the Third Age—significantly predicted life satisfaction and retirement satisfaction after adjusting for significant social participation covariates. A total of 190 Canadian retirees at three senior centers in Ontario, Canada, completed surveys. A pilot study established the reliability and validity of the scales, including the FAGO, used to assess the independent variable. In a regression analysis, fear (R 2 change = .06) was found to be a statistically significant predictor of life satisfaction when controlling for five covariates (current activity, circumstance and pursuing own interest as two reasons for retirement, postretirement work, and perceived social support); overall R 2 = .26. For retirement satisfaction, fear significantly explained variance in the outcome (R 2 change = .04) while controlling for two significant covariates (current activity and perceived social support); overall R 2 = .14. A work by gender interaction on satisfaction was not found. Other than fear about loss of mobility, men rated loss of partner very high; women rated mortal disease very high. The lowest fear was loss of retirement income for men and loss of earning-power for women. Canada's poverty preventive programs successfully supported senior postretirement life. The FAGO was useful to find senior needs.

Body satisfaction and retirement satisfaction: The mediational role of subjective health

Objectives: Previous studies have highlighted the crucial role of subjective health in retirement satisfaction. However, it is likely that a retiree's health judgement mediates the influence of some variables on retirement satisfaction. The present study hypothesized that body satisfaction, as an evaluative summary of the individual's somatic experiences, is positively related to retirement satisfaction through the mediation of subjective health. Method: Retired individuals (N = 256) were administered for body satisfaction, subjective health, and retirement satisfaction questionnaires. Results: Regression analysis demonstrated that body satisfaction was positively related to retirement satisfaction through the partial mediation of subjective health. Conclusion: This study highlights the contribution of somatic experiences on retirement satisfaction, through their influence on retirees’ health evaluation, and provides some additional insights into the determinants of life satisfaction in retirement.

Gender and Life Satisfaction in Retirement: An Assessment of the Male Model

This study seek to extend the research on retirement in two ways. First, using a nationally representative sample, I attempt to clarify the relationship between gender and life satisfaction in retirement by explicitly considering how gender structures preretirement employment experiences. Second, I ask whether the "male model" of life satisfaction in retirement can be used to assess women's life satisfaction in retirement. It is hypothesized that employment structures, through their influence on sources of work satisfaction and world view, influence the sources of life satisfaction in retirement. While this hypothesis is generally supported, gender still appears to define a context for the variables of the male model beyond that encompassed by employment structures. The sources and implications of this gender influence for future social gerontological research, particularly in the area of retirement, are discussed.

Retirement, Personality, and Life Satisfaction: A Review and Two Models

This article reviews the literature of life satisfaction in retirement, focusing on the retiree's personality. Personality effects are examined in a context including other determinants of life satisfaction: involuntary retirement, stress, health, finances, and activities, and issues of control and adaptivity are explored. Heuristic models specifying direct and indirect effects of personality traits on life satisfaction in retirement are proposed. The models are based on the findings reviewed and on a variety of theories, including five-factor personality theory, stress theory, and attachment theory. Directions for retirement counseling, planning, and research are suggested.

The Importance of Recreation Satisfaction and Activity Participation to the Life Satisfaction of Age-segregated Retirees

Research has been contradictory on the importance of recreation activity participation and recreation satisfaction for life satisfaction in retirement. The purpose of this study was to distinguish ...