Retirement and subjective well-being

Bonsang, Éric; Klein, Tobias J.

doi:10.1016/j.jebo.2012.06.002

Cited by 127 publications

(97 citation statements)

References 60 publications

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“…Following Chadi (2010) as well as Bonsang and Klein (2012), use is made of information from unemployed workers about their intentions to return to employment and restrict the sample to those people who state that they definitely intend to be reemployed in the future. In the end, the sample may only consist of workers who feel involuntarily unemployed.…”

Section: Robustness and Reasonsmentioning

confidence: 99%

On the Misery of Losing Self-Employment

Hetschko

2014

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in EconStor may AbstractGerman panel data is used to show that the decrease in life satisfaction caused by an increase in the probability of losing work is higher when self-employed than when paid employed. Further estimations reveal that becoming unemployed reduces self-employed workers' satisfaction considerably more than salaried workers' satisfaction. These results indicate that losing self-employment is an even more harmful life event than losing dependent employment. Monetary and non-monetary reasons seem to account for the difference between the two types of work. Moreover, it originates from the process of losing self-employment and the consequences of unemployment rather than from advantages of self-employment.JEL Classification: I31; J24; J65; L26

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Section: Robustness and Reasonsmentioning

confidence: 99%

On the Misery of Losing Self-Employment

Hetschko

2014

SSRN Journal

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“…Similarly, Calvo and al. (2007) and Bonsang and Klein (2011) find that wellbeing is affected by whether the individual perceives the transition to retirement as voluntary or not. A different literature relates well-being and aging.…”

Section: Introductionmentioning

confidence: 99%

Does Retirement Make You Happy? A Simultaneous Equations Approach

et al. 2014

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Continued improvements in life expectancy and fiscal insolvency of public pensions have led to an increase in pension entitlement ages in several countries, but its consequences for subjective well-being are largely unknown. Financial consequences of retirement complicate the estimation of effects of retirement on subjective well-being as financial circumstances may influence subjective well-being, and therefore, the effects of retirement are likely to be confounded by the change in income. At the same time, unobservable determinants of income are probably related with unobservable determinants of subjective wellbeing, making income possibly endogenous if used as control in subjective wellbeing regressions. To address these issues, we estimate a simultaneous model of retirement, income, and subjective well-being while accounting for time effects and unobserved individual effects. Public pension arrangements (replacement rates, eligibility rules for early and full retirement) serve as instrumental variables. We use data from HRS and SHARE for the period 2004-2010. We find that depressive symptoms are negatively related to retirement while life satisfaction is positively related. Remarkably, income does not seem to have a significant effect on depression or life satisfaction. This is in contrast with the correlations in the raw data that show significant relations between income and depression and life satisfaction. This suggests that accounting for the endogeneity of income in equations explaining depression or life satisfaction is important.

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“…10.741, 2003, their implementation by organizations is still low. However, it is well known that future retirees need to prevent risks during retirement; organizations should encourage financial and health planning and offer opportunities to develop well-being during retirement (Bonsang & Klein, 2012;França, 2009). …”

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confidence: 99%

The Importance of Resilience for Well-Being in Retirement

Nalin

França

2015

Paidéia (Ribeirão Preto)

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The increase in the elderly population has prompted research on retirement. This study investigated the importance of resilience, economic satisfaction, the length of retirement, and planning to well-being during retirement of 270 participants. The majority of this sample were men (64%), and the mean age was 65 years (SD = 5.7). The participants were retired members of 10 public and private organizations in Rio de Janeiro. Factor analysis and hierarchical regression were performed. The results showed that determined resilience (mastery, adaptability, confidence and perseverance) and socioeconomic satisfaction were the main predictors of well-being in retirement and explained 28% of this model. The findings suggest that well-being in retirement is closely related to socioeconomic satisfaction and determined resilience. Additional research should address the importance of resilience for the well-being of retirees who are or not members of retirement associations. Resilience attitudes should be promoted in Retirement Education Programs.

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Retirement and subjective well-being

Cited by 127 publications

References 60 publications

On the Misery of Losing Self-Employment

On the Misery of Losing Self-Employment

Does Retirement Make You Happy? A Simultaneous Equations Approach

The Importance of Resilience for Well-Being in Retirement

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