Determinants of planned retirement age

Montalto, Catherine P.; Yuh, Yoonkyung; Hanna, Sherman D.

doi:10.1016/s1057-0810(00)00052-4

Cited by 38 publications

(35 citation statements)

References 16 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Besides, Lee and Law (2004) concluded that individuals are more motivated to take action for retirement as their age and income increases. This statement is supported by Montalto, Yuh and Hanna (2000) where as they found that planned retirement age are guided by reinforcement given from constant visit or review on the information needed for planning.…”

Section: Agementioning

confidence: 90%

Demographic Factors Associated with Retirement Planning: A Study of Employees in Malaysian Health Sectors

Mansor¹,

Hong²,

Abu³

et al. 2015

ASS

View full text Add to dashboard Cite

Retirement is a stage of life where involvement in certain social activities and desirable conducts become less or narrow. Retirement life without planning requires continuous employment or working and the life style remain same with young age although the individual reaches retirement age. Lack of proper retirement planning preparation will generally bring some disappointment during retirement. Thus, having a proper retirement planning is extremely important. The main aim of the study is to investigate the significant of demographic factors in determining of retirement planning among health sectors based employees. While, the objectives of the current study are to determine the relationship between demographic factors consists of age, education level, gender and household income towards retirement planning. There are 110 set of questionnaires distributed to respondents worked in health sectors. The results of the study revealed that age; education level and household income were supported however intriguing findings for gender was not supported. The findings and the framework of the study will be useful to the Malaysians in preparing a proper retirement planning in their life. The study also serves a guideline to the government and policy maker as well as banking and financial institutions in satisfying the needs and wants from the market.

show abstract

Section: Agementioning

confidence: 90%

Demographic Factors Associated with Retirement Planning: A Study of Employees in Malaysian Health Sectors

Mansor¹,

Hong²,

Abu³

et al. 2015

ASS

View full text Add to dashboard Cite

show abstract

“…Generally speaking, planning for retirement is a complex and long-lasting process and is often subject to adjustments over time, be it due to changes in national pension regulations, changes in health or altered financial conditions (Montalto et al 2000). Despite the complexity of this particular topic, however, retirement expectations of individuals are solid and comply with actual retirement outcomes.…”

Section: Literature Reviewmentioning

confidence: 99%

Determinants for the transition from work into retirement in Europe

2015

View full text Add to dashboard Cite

We use the labor force ad hoc module "transition from work into retirement" to analyze the link between individual as well as pension system characteristics and planned retirement age within the European Union. We find that timing of retirement is correlated between partners who are, already at the stage of retirement planning. In richer countries of the EU15, standard retirement age seems to have a larger effect on planned retirement age than in poorer EU15 states or in new EU member states. The effect of pension wealth is largest in the new EU member states and smallest in rich EU15 countries. Furthermore, industry and occupation effects differ by country type.JEL codes: C21; J22; J26

show abstract

“…Individual Retirement Accounts (IRAs) and Keogh plans allow workers to accumulate retirement savings without paying taxes on the contributions or the earnings on the contributions until they retire. These savings help individuals feel confident that they will have enough money during retirement (DeVaney & Chien, 2001;DeVaney & Su, 1997;Hatcher, 2002;Montalto, Yuh, & Hanna, 2000).…”

Section: Explanatory Factors and Hypothesesmentioning

confidence: 99%

“…While liquid assets can satisfy the need for liquidity, investment assets and real assets were included to capture long-term goals, especially retirement goals (Montalto et al, 2000). Thus, this study included three types of assets to measure the effects of short-term funds, long-term assets, and long-term assets that relate to quality of life (e.g., homes).…”

Section: Independent Variablesmentioning

confidence: 99%

The Selection of Partial or Full Retirement by Older Workers

Kim

DeVaney

2005

J Fam Econ Iss

View full text Add to dashboard Cite

The study investigated whether older workers chose partial or full retirement instead of full-time work. Partial or full retirement status was modeled as a combination of self-reported retirement status and change in number of hours worked. The results of multinomial logistic regression using data from the first and fifth waves of the Health and Retirement Study collected in 1992 and 2000 showed that age and gender had similar effects on the likelihood of partial and full retirement. Full retirement was also influenced by investment assets, pensions, employee health insurance, and poor health. The likelihood of partial retirement was also influenced by self-employment, chronic health conditions, and education. Workers who seek partial retirement need working conditions that allow them to make this choice.KEY WORDS: health and retirement study; multinomial logistic regression; retirement.As the population ages and the number of retirees increases, policymakers are concerned about the ability of the economy to support a larger number of retirees with the resources produced by a smaller number of workers. While some workers retire early, other workers will work part-time between full-time work and full retirement. As evidence of a gradual transition toward retirement, Quinn and Burkhauser (1994) noted that the importance of part-time work has risen dramatically with age. According to the Bureau of Labor Statistics (U.S. Department of Labor, 1999), 16% of men in 1999, who were aged 60-64 worked part-time (less than 35 hours per week), while a full 50% of men over 65 did. About 33% of women aged 60-64 worked part-time and 60% of women 65 and over worked part-time. Due to the increase in life expectancy, the trend toward working part-

show abstract

Determinants of planned retirement age

Cited by 38 publications

References 16 publications

Demographic Factors Associated with Retirement Planning: A Study of Employees in Malaysian Health Sectors

Demographic Factors Associated with Retirement Planning: A Study of Employees in Malaysian Health Sectors

Determinants for the transition from work into retirement in Europe

The Selection of Partial or Full Retirement by Older Workers

Contact Info

Product

Resources

About