A Gradual Exit may Not Make for a Happier Retirement?
This study explores the factors that affect an individual’s happiness while transitioning into retirement. Recent studies highlight gradual retirement as an attractive option to older workers as they approach full retirement. However, it is not clear whether phasing or cold turkey makes for a happier retirement. Using longitudinal data from the Health and Retirement Study, this study explores what shapes the change in happiness between the last wave of full employment and the first wave of full retirement. Results suggest that what really matters is not the type of transition (gradual retirement or cold turkey), but whether people perceive the transition as chosen or forced.
|Date of creation:||Oct 2007|
|Date of revision:|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
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- Susann Rohwedder, 2006. "Self-Assessed Retirement Outcomes: Determinants and Pathways," Working Papers wp141, University of Michigan, Michigan Retirement Research Center.
- Constantijn W.A. Panis, 2003. "Annuities and Retirement Satisfaction," Working Papers 03-17, RAND Corporation.
- Martin Pinquart, 2001. "Age Differences in Perceived Positive Affect, Negative Affect, and Affect Balance in Middle and Old Age," Journal of Happiness Studies, Springer, vol. 2(4), pages 375-405, December.
- Jacob Arendt, 2005. "Income and “Outcomes” for Elderly: DO the Poor have A Poorer Life?," Social Indicators Research- An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 70(3), pages 327-347, 02.
- Esteban Calvo & Kelly Haverstick & Steven A. Sass, 2007.
"What Makes Retirees Happier: A Gradual or 'Cold Turkey' Retirement?,"
Working Papers, Center for Retirement Research at Boston College
wp2007-18, Center for Retirement Research, revised Oct 2007.
- Calvo, Esteban & Haverstick, Kelly & Sass, Steven, 2007. "What Makes Retirees Happier: A Gradual or 'Cold Turkey' Retirement?," MPRA Paper 5607, University Library of Munich, Germany.
- Keith A. Bender, 2004. "The Well-Being of Retirees: Evidence Using Subjective Data," Working Papers, Center for Retirement Research at Boston College wp2004-24, Center for Retirement Research.
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