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Centre for Policy on Ageing | |
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Improving retirement outcomes
— the role of resources, pre-retirement planning and transition characteristics | | Author(s) | Alexa Marie Muratore, Joanne Kaa Earl |
| Journal title | Ageing and Society, vol 35, no 10, November 2015 |
| Publisher | Cambridge University Press, November 2015 |
| Pages | pp 2100-2140 |
| Source | journals.cambridge.org/aso |
| Keywords | Retirement ; Preparation [retirement] ; Retirement policy ; Social characteristics [elderly] ; Social surveys ; Australia. |
| Annotation | Retirement is an inherently complex process due to the multitude of variables that influence it. This article proposes that by combining our understanding of retirement phases (a conceptual framework) with a theory that specifies a general mechanism for retirement adaptation (a theoretical framework), we can improve how we research retirement. Accordingly, this study uses data collected from 550 Australian retirees, and proposes and tests a model exploring the antecedents and consequences of the retirement process across three stages: Pre-retirement, Transition and Adaptation. Multiple outcomes are explored, including adjustment, well-being and life satisfaction, as well as variables including planning, perception of wealth, resources and mastery. The model showed a significant influence of resources on both phases and outcomes, with mastery showing the strongest relationships of all the resources. Results suggest that outcomes in retirement may be improved by promoting retirement planning, improving exit conditions and building key resources, in particular, mastery. Overall, the model demonstrates the value of combining theory and conceptual frameworks to inform the specification of statistical models to research retirement. Research implications and alternative models are discussed. (RH). |
| Accession Number | CPA-151009203 A |
| Classmark | G3: GA: G5: F: 3F: 7YA |
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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