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Title: The Impact of Preretirement Labor Market Experience on Postretirement Well-being
Resulting in 1 citation.
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Maxwell, Nan L. |
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The Impact of Preretirement Labor Market Experience on Postretirement Well-being Columbus OH: Center for Human Resource Research, The Ohio State University, 1981. Also: http://catalogue.nla.gov.au/Record/5406728 Cohort(s): Older Men Publisher: Center for Human Resource Research Keyword(s): Health Factors; Income; Life Satisfaction; Racial Differences; Retirement/Retirement Planning; Well-Being A study was conducted to determine labor market factors influencing one's psychological well being and economic security after retirement. Research was found that supported the hypotheses that a worker's employment, earnings, and industry in the labor force greatly affect a retiree's financial position; the reason for labor force withdrawal influences economic position and outlook toward life; a positive relationship exists between income and life satisfaction; and health problems and job satisfaction influence life satisfaction after retirement. Data were drawn from the older men's cohort of the National Longitudinal Surveys of Work Experience. A logarithmic function of the income received from pension and Social Security was used to measure income. Life satisfaction was measured by response to a question regarding how happy the respondent was with his life. It was found that workers with successful labor market experiences were likely to have a better financial situation in retirement that was transmitted into greater life satisfaction. Whites appeared psychologically affected by job loss, while blacks' ties to the labor market were purely financial. Life satisfaction was not related to the comparison of retirement to preretirement income but was related to the absolute level of income after retirement. |
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Bibliography Citation
Maxwell, Nan L. The Impact of Preretirement Labor Market Experience on Postretirement Well-being. Columbus OH: Center for Human Resource Research, The Ohio State University, 1981.. |