Search results for "Retirement"
showing 10 items of 96 documents
No 'Honeymoon Phase' - Whose Health Benefits from Retirement and When
2017
I use a fixed effects instrumental variable approach to determine the effect retirement has on health. The exogenous variation in the probability to retire at the normal and early retirement age thresholds is exploited to instrument for the otherwise endogenous retirement decision. Six health aspects are considered: self-assessed health, depression, limitations in (instrumental) activities of daily living, mobility limitations, grip strength and number of words recalled. Using data for 10 countries from the Survey of Health, Retirement and Ageing in Europe (SHARE), I find that retiring both at the normal and early retirement eligibility ages significantly improves all health aspects, includ…
Retirement Age Across Countries: The Role of Occupations
2011
Cross-country variation in effective retirement age is usually attributed to institutional differences that affect individuals’ incentives to retire. This paper suggests a different approach to explain this variation. Since working individuals in different occupations naturally retire at different ages, the composition of occupations within an economy matters for its average effective retirement age. Using U.S. Census data we infer the average retirement age by occupation, which we then use to predict the retirement age of 38 countries, using the occupational distribution of these countries. Our findings suggest that the differences in occupational composition explain up to 38% of the obser…
Late Career and Retirement in the Context of Changing Careers
2017
Salminen and von Bonsdorff provide a much-needed overview of recent studies focusing on older employees’ late career and retirement intentions in the context of the changing nature of careers. Owing to the current turbulent working life, individuals’ career and retirement patterns are more diverse and complex than before. By focusing on contemporary career models, Salminen and von Bonsdorff explore the possibilities and constraints that older employees may encounter under the new career realities. Based on the selective literature review, they identify several prerequisites for continuing working until retirement age and beyond, such as possibilities for continuous learning, adaptability, s…
Sixty years of bilingualism affects the pronunciation of Latvian vowels
2006
For fifty years after World War II, Latvia was incorporated into the former Soviet Union. Although in theory the use of regional languages was not discouraged, in practice knowledge of Russian was obligatory. Since 1991, Latvian has again become the official language, and knowledge of Russian is widespread but optional. These political events have created a natural experiment in the effects of almost universal bilingualism on a language. To assess the impact on pronunciation, native speakers of Latvian, ranging from retirement age to teens, were recorded reading a word list and a short narrative. Vowel pronunciation differed across the generations both in quantity relationships and in forma…
The financial impact of Spanish pension reform: A quick estimate
2012
In this paper, we present a preliminary estimate of the financial impact of the recent reform of the Spanish pension system. After updating the projections of pension expenditure constructed in de la Fuente and Doménech (2010) for the period 2008-2060, we analyze the impact on this variable of raising the retirement age from 65 to 67 years, extending from 15 to 25 years the period over which wages are averaged to calculate the starting pension and increasing from 35 to 37 the number of contribution years required to obtain a 'full pension.' Conditional on a series of assumptions about the evolution of employment, productivity and demographics, our estimates suggest that these measures will …
Truly Satisfied With Your Retirement or Just Resigned? Pathways Toward Different Patterns of Retirement Satisfaction
2014
The main aim of the present study was to explore different patterns of retirement satisfaction. Following the dynamic model of job satisfaction, we identify different retirement satisfaction forms. We also examined a set of antecedents of observed retirement satisfaction forms and their impact on psychological well-being. Using a sample of 270 Spanish retirees, cluster analytical results showed four retirement satisfaction forms. These were stabilized-progressive, resigned-stabilized, and resigned retirement satisfaction and constructive-fixated retirement dissatisfaction. Gender, retirement intentions, and voluntariness of retirement transition predicted retirement satisfaction forms. Fin…
The Influence of the Early Retirement Process on Satisfaction with Early Retirement and Psychological Well-Being
2010
The present study explores the influence of the early retirement process on adjustment to early retirement, taking into account the roles of individual characteristics and social context in this process. We proposed a systematic model integrating perceived ability to continue working, organizational pressures toward early retirement and group norms about early retirement as antecedents of the early retirement process and subsequent satisfaction with early retirement and psychological well-being. In addition, we examined the moderating role of the voluntariness of the early retirement transition in the proposed model. Our hypotheses were tested using a sample of 213 early retirees. We found…
Psychometric properties of the EURO-D scale of depressive symptomatology: Evidence from SHARE wave 8
2022
Background The EURO-D is a short scale to measure symptoms of depression, very used in large population surveys. Although there are numerous validation studies, its psychometric properties remain unclear. The two-factor structure (Affective Suffering and Lack of Motivation) is replicated in several studies but with different item compositions, and none reported reliability indices for both factors. For that reason, the aim of this study is to examine the factorial validity of the scale, the reliability of the dimensions, the gender differential item functioning (DIF), and the nomological validity. Methods 46,317 participants aged 50 and over (M = 71.33), from which 57.4 % were females, in W…
Can Self-Enhancement Values Predict Retirement Behavior? An Analysis Combining Survey and Register Data From Norway
2015
This analysis investigates to what extent the self-enhancement values in the Schwartz taxonomy—achievement, power, and hedonism—can predict retirement behavior. Self-enhancement values were measured using the Norwegian Life Course, Generations and Gender Study beginning in 2007. Register data were merged with the survey data to identify those collecting a pension by the end of 2010; these persons were defined as being retired. Statistical analysis was performed using discrete time proportional odds (logistic regression) duration models for each birthday. The results show that two self-enhancement values, achievement and hedonism, discourage disability retirement but do not affect nondisabi…
Work careers in adults separated temporarily from their parents in childhood during World War II.
2019
Introduction: Traumatic experiences, such as separation from parents in childhood causing early life stress (ELS) may increase the risk of adverse long-term health outcomes and biological age-related changes. This may have an impact on work career. Our aim was to examine long term consequences of ELS due to temporary separation from parents during World War II (WWII) in relation to work career. - Material and methods: The Helsinki Birth Cohort Study comprises 13,345 individuals born in Helsinki, Finland, between the years 1934–1944. From the original cohort, 1781 individuals were identified as being separated temporarily from their parents due to World War II. Information on date and type o…