IDEAS home Printed from https://ideas.repec.org/a/spr/eujoag/v15y2018i3d10.1007_s10433-017-0440-5.html
   My bibliography  Save this article

Adjustment to retirement: effects of resource change on physical and psychological well-being

Author

Listed:
  • Dannii Y. Yeung

    (City University of Hong Kong)

Abstract

A 1-year longitudinal study was conducted to examine the effects of retirement resources on the physical and psychological well-being of Hong Kong Chinese retirees during the transition to retirement. This study consisted of two assessments: Time 1 was conducted 6 months before retirement, while Time 2 was implemented 6 months after retirement. Personal resources and physical and psychological well-being were measured in the two assessments. The final sample contained 128 retirees who completed both assessments. Compared with Time 1, the retirees reported fewer financial resources at Time 2. Change in cognitive resources was significantly predictive of the changes in physical functioning, life satisfaction, psychological well-being, and psychological distress during the transition period. The findings of this longitudinal study reveal that in addition to financial, physical, and social resources that have often been emphasized in the past literature, mental resources also play an important role in positive adjustment to retirement. Future retirement planning programs are recommended to include modules for strengthening cognitive, emotional, and motivational resources of retired persons.

Suggested Citation

  • Dannii Y. Yeung, 2018. "Adjustment to retirement: effects of resource change on physical and psychological well-being," European Journal of Ageing, Springer, vol. 15(3), pages 301-309, September.
    • Handle: RePEc:spr:eujoag:v:15:y:2018:i:3:d:10.1007_s10433-017-0440-5
    DOI: 10.1007/s10433-017-0440-5
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s10433-017-0440-5
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s10433-017-0440-5?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Elizabeth Horner, 2014. "Subjective Well-Being and Retirement: Analysis and Policy Recommendations," Journal of Happiness Studies, Springer, vol. 15(1), pages 125-144, February.
    2. Jungmeen E. Kim & Phyllis Moen, 2002. "Retirement Transitions, Gender, and Psychological Well-Being," The Journals of Gerontology: Series B, The Gerontological Society of America, vol. 57(3), pages 212-222.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Yeung, Dannii Y. & Ho, Alvin K.K. & Lam, Alfred H.K. & Lam, Alvin C.H., 2023. "An integrated model on purchase intentions of typical and tax-deductible saving products: The roles of retirement goal clarity and age," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 104(C).
    2. Anita Abramowska-Kmon & Wojciech Łątkowski, 2021. "The Impact of Retirement on Happiness and Loneliness in Poland—Evidence from Panel Data," IJERPH, MDPI, vol. 18(18), pages 1-15, September.
    3. Martin Wetzel & Catherine E. Bowen & Oliver Huxhold, 2019. "Level and change in economic, social, and personal resources for people retiring from paid work and other labour market statuses," European Journal of Ageing, Springer, vol. 16(4), pages 439-453, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mattia Filomena & Matteo Picchio, 2023. "Retirement and health outcomes in a meta‐analytical framework," Journal of Economic Surveys, Wiley Blackwell, vol. 37(4), pages 1120-1155, September.
    2. Lieze Sohier, 2019. "Do Involuntary Longer Working Careers Reduce Well-being?," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 14(1), pages 171-196, March.
    3. Lieze Sohier & Luc Van Ootegem & Elsy Verhofstadt, 2021. "Well-Being During the Transition from Work to Retirement," Journal of Happiness Studies, Springer, vol. 22(1), pages 263-286, January.
    4. Ewa Gruszczyńska & Aleksandra Kroemeke & Nina Knoll & Ralf Schwarzer & Lisa Marie Warner, 2020. "Well-Being Trajectories Following Retirement: A Compensatory Role of Self-Enhancement Values in Disadvantaged Women," Journal of Happiness Studies, Springer, vol. 21(7), pages 2309-2325, October.
    5. Po-Wen Ku & Kenneth Fox & Chun-Yi Chang & Wen-Jung Sun & Li-Jung Chen, 2014. "Cross-Sectional and Longitudinal Associations of Categories of Physical Activities with Dimensions of Subjective Well-Being in Taiwanese Older Adults," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 117(3), pages 705-718, July.
    6. Thomas Barnay, 2016. "Health, work and working conditions: a review of the European economic literature," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 17(6), pages 693-709, July.
    7. Bonsang, E. & Klein, T.J., 2012. "Retirement and subjective well-being," Other publications TiSEM f7d1a3d3-eb51-42d0-a3da-0, Tilburg University, School of Economics and Management.
    8. Scott Payne & Jeremy Yorgason & Jeffrey Dew, 2014. "Spending Today or Saving for Tomorrow: The Influence of Family Financial Socialization on Financial Preparation for Retirement," Journal of Family and Economic Issues, Springer, vol. 35(1), pages 106-118, March.
    9. Jin-Won Noh & Young Dae Kwon & Lena Jumin Lee & In-Hwan Oh & Jinseok Kim, 2019. "Gender differences in the impact of retirement on depressive symptoms among middle-aged and older adults: A propensity score matching approach," PLOS ONE, Public Library of Science, vol. 14(3), pages 1-9, March.
    10. Dusanee Kesavayuth & Robert E. Rosenman & Vasileios Zikos, 2016. "Retirement, Personality, And Well-Being," Economic Inquiry, Western Economic Association International, vol. 54(2), pages 733-750, April.
    11. Butterworth, Peter & Gill, Sarah C. & Rodgers, Bryan & Anstey, Kaarin J. & Villamil, Elena & Melzer, David, 2006. "Retirement and mental health: Analysis of the Australian national survey of mental health and well-being," Social Science & Medicine, Elsevier, vol. 62(5), pages 1179-1191, March.
    12. Yanrong Cheng & Jian Lan & Qinying Ci, 2023. "Employment and Mental Health of the Chinese Elderly: Evidence from CHARLS 2018," IJERPH, MDPI, vol. 20(4), pages 1-14, February.
    13. Rogie Royce Carandang & Akira Shibanuma & Edward Asis & Dominga Carolina Chavez & Maria Teresa Tuliao & Masamine Jimba, 2020. "“Are Filipinos Aging Well?”: Determinants of Subjective Well-Being among Senior Citizens of the Community-Based ENGAGE Study," IJERPH, MDPI, vol. 17(20), pages 1-13, October.
    14. Michael P. Cameron & Peggy Koopman-Boyden & Matthew Roskruge, 2015. "Labour Force Participation, Human Capital and Wellbeing among Older New Zealanders," Working Papers in Economics 15/07, University of Waikato.
    15. Esteban Calvo & Natalia Sarkisian & Christopher Tamborini, 2011. "Searching for schools in a low quality market: Evidence from Chile," Working Papers 17, Facultad de Economía y Empresa, Universidad Diego Portales.
    16. Korthals, R.A., 2012. "Selection and tracking in secondary education : a cross country analysis of student performance and educational opportunities," Research Memorandum 049, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
    17. Gorry, Devon & Slavov, Sita Nataraj, 2021. "The effect of retirement on health biomarkers," Economics & Human Biology, Elsevier, vol. 40(C).
    18. Doris Baumann & Willibald Ruch & Katja Margelisch & Fabian Gander & Lisa Wagner, 2020. "Character Strengths and Life Satisfaction in Later Life: an Analysis of Different Living Conditions," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 15(2), pages 329-347, April.
    19. Topa, Gabriela & Moriano, Juan A. & Moreno, Ana, 2012. "Psychosocial determinants of financial planning for retirement among immigrants in Europe," Journal of Economic Psychology, Elsevier, vol. 33(3), pages 527-537.
    20. Fanny Salignac & Myra Hamilton & Jack Noone & Axelle Marjolin & Kristy Muir, 2020. "Conceptualizing Financial Wellbeing: An Ecological Life-Course Approach," Journal of Happiness Studies, Springer, vol. 21(5), pages 1581-1602, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:eujoag:v:15:y:2018:i:3:d:10.1007_s10433-017-0440-5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.