An analysis of well-being in retirement: The role of pensions, health, and 'voluntariness' of retirement

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Abstract

This paper examines a wide range of determinants of retiree well-being of retirees. Using data from the 2000 Health and Retirement Study, increases in economic factors such as income lead to higher well-being, although relative income has a larger effect than absolute income. The strongest predictors are the voluntariness of entering retirement, pension characteristics, and health. Retirees " forced" to retire or have defined contribution pensions or bad health have significantly lower well-being. The results suggest a more nuanced approach in addressing retiree well-being than just a focus on the economic well-being of retirees.
Original languageEnglish
Pages (from-to)424-433
Number of pages10
JournalJournal of Socio-Economics
Volume41
Issue number4
Early online date22 Jun 2011
DOIs
Publication statusPublished - 1 Aug 2012

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