The well-being of retirees: evidence using subjective data
- Collection:
- Health Policy and Services Research
- Series Title(s):
- Center for Retirement Research working paper
- Contributor(s):
- Bender, Keith A. Center for Retirement Research at Boston College.
- Publication:
- Chestnut Hill, MA : Center for Retirement Research at Boston College, c2004
- Language(s):
- English
- Format:
- Text
- Subject(s):
- Personal Satisfaction Quality of Life -- psychology Retirement -- psychology Adaptation, Psychological Age Factors Aged Aged -- psychology Aged, 80 and over Aging -- psychology Data Collection Health Status Health Surveys Income Life Change Events Retirement -- statistics & numerical data Socioeconomic Factors Surveys and Questionnaires Humans United States
- Genre(s):
- Technical Report
- Abstract:
- While previous economic research focuses on the financial well-being of retirees, this paper examines the determinants of overall well-being of retirees. Using data from the 2000 Health and Retirement Study, the strongest predictor of retirement well-being is the reason for entering retirement. If individuals were 'forced' to retire, their well-being is significantly lower than those who chose to retire. This indicates the importance of expectations on retirement satisfaction. Additionally, health, current income, and comparison retirement income have important roles in determining overall well-being.
- Copyright:
- Reproduced with permission of the copyright holder. Further use of the material is subject to CC BY license. (More information)
- Extent:
- 29 p.
- NLM Unique ID:
- 101468791 (See catalog record)
- Permanent Link:
- http://resource.nlm.nih.gov/101468791