Employee Retirement: A Review and Recommendations for Future Investigation

Abstract

Despite the obvious importance of retirement to employees, their employing organizations, and the larger society, the last comprehensive review of employee retirement in the field of organizational science was published more than 20 years ago. As such, the first purpose of this review is to provide a summary of key theoretical and empirical developments in employee retirement research since Beehr in 1986. A second purpose of this review is to highlight inconsistent findings revealed by studies that were designed to answer the same research questions. By identifying and scrutinizing those inconsistent findings, this study expects to provide suggestions and recommendations to further the theoretical development in the field of retirement research to address these research gaps. As a result, this proposed review would be of interest to scholars in a wide variety of areas within the organizational sciences, including human resource management, organizational behavior, organizational theory, and research methods.

Satisfação com a Vida em Aposentados que Continuam Trabalhando

“…Happiness would be more strictly related to well-being as a psychological status. Recent studies have included well-being in retirement in the dimension construct with satisfaction with financial status (Wang & Shultz, 2010), the time of retirement (Fadila & Alam, 2016), characteristics of previous work and the continuity of work (Bender, 2011).…”

Understanding Retirement Processes: The Role of Life Histories

“…One difficulty when studying the relationships between earlier life experiences and retirement is that the theoretical utility of the conceptualization of retirement as a rational decision-making process will be dependent upon the extent to which retirement transitions are the result of personal choice (Wang and Shultz 2010). Research has shown that many retirement transitions (around 25-30 percent) are perceived as forced or involuntary Davey 2005, Van Solinge andHenkens 2007).…”

“…In a recent review of the multidisciplinary retirement literature, Wang and Shultz (2010) have grouped the empirically studied predictors of retirement in four broad categories. Besides macro socio-economic factors (e.g., social security system, economic conditions), three groups of meso and micro level predictors of retirement are distinguished: individual attributes (e.g., age, health, financial resources), job and organizational factors (e.g., job characteristics, job attitudes), and family factors (e.g., marital status, dependent children, partner support).…”

“…These precursors received attention in various recent extensive reviews of the literature on employee retirement (e.g., Schalk et al 2010, Wang andShultz 2010) and adjustment to retirement (e.g., Wang et al 2011, Van Solinge 2012. In line with the popularity of the "life course perspective" for understanding outcomes in the field of social gerontology however, studies have increasingly started to pay attention to the role of experiences earlier in the life course for understanding retirement transitions.…”

A New Pathway towards Retirement Preparation: Integration of Holistic Life Planning

“…Research on retirement over the last two decades has primarily focus on how planning for retirement influences retirement timing, post retirement satisfaction and adjustment. As a result, the theoretical conceptualizations most employed are retirement as decision making and retirement as adjustment (Wang & Shultz, 2010). For example, those who have prepared for retirement and feel ready to make the transition are more likely to exit the workforce at an earlier age (Reitzes, Mutran & Fernandez, 1998;Taylor & Shore, 1995).…”