To What Extent is Gradual Retirement a Product of Financial Necessity?

Cahill, Kévin; Giandrea, Michael D.; Quinn, Joseph F.

doi:10.1093/workar/waw027

Cited by 24 publications

(16 citation statements)

References 31 publications

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“…Participants’ expectations for their retirement were consistent with the phenomena of bridge employment (Beehr & Bennett, 2015; Dingemans & Henkens, 2014; Kim & Feldman, 2000) and encore careers (Moen, 2016; Lawrence-Lightfoot, 2009). Their experiences also support research demonstrating that financial insecurity is not a primary driver of post-retirement employment (Cahill, Giandrea, & Quinn, 2016), and findings from this study highlight the value of creating employment opportunities that recognize the contributions mature workers bring to organizations (Drentea, 2002).…”

Section: Discussionsupporting

confidence: 80%

The Unbearable Lightness of Being Retired

Silver¹

2018

Can. J. Aging

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RÉSUMÉDans cette étude qualitative, j’ai utilisé une approche fondée sur la gérontologie narrative pour examiner les perceptions liées à la retraite dans un groupe de 26 hommes et femmes qui ont pris leur retraite après un mandat de chef de la direction. Le guide d’entrevue a pris en compte la perspective du parcours de vie. Trois thèmes clés ont émergé : 1) l’importance de la productivité et du réseautage, alors que les participants gravissaient les échelons de l’entreprise ; 2) le sentiment d’avoir une date « meilleur avant » et d’avoir cédé aux pressions de la société en faveur de la retraite ; et 3) l’impression troublante de se sentir insignifiant à la retraite tout en ayant le désir de poursuivre l’épanouissement personnel en continuant à travailler contre rémunération. Après une carrière marquée par des réalisations pionnières, les participants ont éprouvé un sentiment insoutenable de légèreté lors de l’abandon des responsabilités professionnelles. Ces résultats mettent en lumière l’importance de la perspective de parcours de vie pour examiner la retraite à la fois comme une expérience personnelle et un phénomène social. Les résultats contribuent également à la compréhension théorique du vieillissement productif en illustrant comment les idées préconçues sur la productivité contrastent avec les aspirations associées à une retraite remplie de loisirs, d’une manière qui pourrait réduire les contributions à l’emploi de certaines personnes.

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Section: Discussionsupporting

confidence: 80%

The Unbearable Lightness of Being Retired

Silver¹

2018

Can. J. Aging

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“…Among retirees with the highest pension incomes paid work did not seem to make any difference to life satisfaction. It seems that for retirees with a low pension income, working after retirement is a way to supplement their (financial) resources and, as such, to help make ends meet (Cahill, Giandrea, & Quinn, 2017; Yang, 2011). This does not necessarily mean that retirees in paid employment have a higher life satisfaction after retirement in comparison with their preretirement life satisfaction.…”

Section: Discussionmentioning

confidence: 99%

Working After Retirement and Life Satisfaction: Cross-National Comparative Research in Europe

Dingemans

Henkens

2019

Res Aging

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This study examines differences in life satisfaction between full retirees and working retirees in Europe. We hypothesize that these differences depend on the financial resources of retirees and the resources available in the household and country context. We selected retirees from the “Survey of Health, Ageing and Retirement in Europe” project and estimated country fixed effects models to explain their life satisfaction. The results indicate a positive relationship between working after retirement and life satisfaction for retirees with low pension income without a partner. Additionally, working after retirement seems to be most important for life satisfaction in relatively poor countries.

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“…The recent study published by Cahill and colleagues with a large national-representative sample of older Americans, showed that bridge employment seems to be driven by other reasons than financial insecurity, both for those with little or medium financial assets. But, the same study found that those with less wealth seem to be more oriented to full time and wage and salary employment (Cahill et al, 2017 ). Additional studies could be beneficial to workers and employees.…”

Section: Further Extensionsmentioning

confidence: 96%

Financial Planning for Retirement: A Psychosocial Perspective

2018

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Retirement is a time of life that has grown ever longer in the developed world, and the number of pensioners has increased accordingly, questioning the strength of Social Security systems and the social safety net in general. Financial Planning for Retirement (FRP) consists of the series of activities involved in the accumulation of wealth to cover needs in the post-retirement stage of life. The negative short-, mid-, and long-term consequences of inadequate Financial Planning for Retirement do not only affect individuals, but also their extended families, homes, eventually producing an unwanted impact on the entire society. The Capacity-Willingness-Opportunity Model has been proposed to understand FPR, combined with Intentional Change Theory, a framework for understanding the process, antecedents and consequences of FPR. From this perspective, we propose this promising model, but there are a large number of variables that have not been included that offer novel ways to deepen our understanding of FPR. A focus on each dimension of the model, the role of age and psychosocial variables associated with demographic indicators such as gender, health status, and migration, allow us to provide a proposal of scientific advancement of FPR.

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To What Extent is Gradual Retirement a Product of Financial Necessity?

Cited by 24 publications

References 31 publications

The Unbearable Lightness of Being Retired

The Unbearable Lightness of Being Retired

Working After Retirement and Life Satisfaction: Cross-National Comparative Research in Europe

Financial Planning for Retirement: A Psychosocial Perspective

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