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Centre for Policy on Ageing | |
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| Increased wealth and income as correlates of self-assessed retirement | | Author(s) | Richard K Caputo |
| Journal title | Journal of Gerontological Social Work, vol 47, nos 1/2, 2006 |
| Pages | pp 175-201 |
| Source | http://www.tandfonline.com |
| Keywords | Retirement age ; Economic status [elderly] ; Wealth ; Income [older people] ; Psychology [retirement] ; Correlation ; Longitudinal surveys ; United States of America. |
| Annotation | Data from the US Health and Retirement Survey (HRS-RAND) Waves 1-5 (1992-94 to 1998-2000) were used to examine whether retirement implies complete withdrawal from the labour force, also the role that increased wealth and income play with regard to the nature of retirement. Findings indicate that most study sample pre-retirees remained in the labour force as they moved into what are considered the normal retirement years. As they moved on from average ages 50+ to 60+, increasing percentages of study sample pre-retirees reported themselves as completely retired. Those who viewed themselves as completely retired were far less likely to work than those who did not view themselves as completely retired. Of particular importance was the finding that increased income in 2000 decreased the likelihood of self-reported complete retirement. Equally important was the finding that increased assets had no effect on retirement status, with the exception of survey year 1998, when increased assets decreased the likelihood of viewing oneself as completely retired. Findings suggest that pro-work retirement policies aimed at increasing labour force participation among pre-retirees and increasing the normal retirement age can be effective. Five pro-work policies are discussed. (RH). |
| Accession Number | CPA-070110017 A |
| Classmark | G5A: F:W: W7: JF: G7: 49: 3J: 7T |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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