Early and Late Retirement Exits

Abstract

The current study proposes that personal need fulfillment (relatedness, generativity, identity, growth, and finances) predicts early and late retirement intentions. The personal needs of 160 full-time older employees were measured by personal goals, job satisfactions, job characteristics, and intrinsic motivation. Results suggest that the personal needs fulfilled by job employment remain important in retirement. The expectation for personal need fulfillment for identity, growth, and relatedness shifts from work to retirement for those who intend to retire early. The results are discussed in terms of the need for greater study of the relationship between expectations of personal need fulfillment, worker self-concept, and retirement decisions.

Retirement Expectations of Older Workers with Arthritis and Diabetes Compared with Those of Workers with No Chronic Diseases

“…These factors often corresponded to those expected using approach/avoidance theory. Similar to other research, they highlighted age, whether one’s partner was employed, shift work, organization size, and positive perceptions of work (Benjamin et al, 2008; Brougham & Walsh, 2009; De Preter et al, 2013; Ekerdt, 2010; Ekerdt et al, 2001; Oakman & Wells, 2013; Wang et al, 2008). Of interest, however, was that most health factors were not significantly associated with respondents’ planned retirement age, and health accounted for only a small proportion of the variance in multivariable analyses.…”

“…The socially constructed nature of retirement suggests that a variety of personal and interpersonal factors that go beyond age and normative expectations will relate to retirement expectations (Benjamin et al, 2008; Brougham & Walsh, 2009; De Preter et al, 2013; Ekerdt, 2010; Ekerdt et al, 2001; Oakman & Wells, 2013; Wang et al, 2008). Approach-avoidance theory highlights that these factors may be appraised as pros or cons and that they can explain expectations of retiring earlier or later.…”

Boomers' Prospective Needs for Senior Centers and Related Services: A Survey of Persons 50–59

“…The economic downturn has depleted retirement accounts, increased unemployment, and forced some early retirements (Mermin et al, 2007). Alternately, retirement may be delayed by the same forces and, for older people whose retirement plans are postponed, leisure may be increasingly important in maintaining psychosocial wellbeing (Brougham, & Walsh, 2009). Hansen, Dik, and Zhou (2008) suggested that leisure pursuits may buffer the effects of vocational disenchantment.…”

Relationships of proactive behaviour with job-related affective well-being and anticipated retirement age: an exploration among older employees in Belgium

“…Recently, other researchers have also used single item measurement to assess anticipatory retirement age (Bidewell et al 2006;Brougham and Walsh 2009;Herrbach et al 2009;van Solinge and Henkens 2009;von Bonsdorff et al 2010).…”