Factors Influencing Post-Retirement Employment and Life Satisfaction
Author Information
Author(s): Wang Zhong
Primary Institution: Yeshiva University
Hypothesis
This study explores the factors influencing post-retirement employment and its impact on retirement satisfaction.
Conclusion
The study found that various factors, including race, wealth, and spousal health, significantly affect older adults' intentions to work after retirement and their overall satisfaction.
Supporting Evidence
- African American and Hispanic individuals were less likely to intend to work beyond age 65 but more likely to engage in post-retirement employment.
- Higher household wealth correlated with a decreased intention to work past 65 but an increased likelihood of continued labor market participation.
- The health and employment status of a spouse significantly impacted older adults’ work intentions, retirement decisions, and satisfaction.
Takeaway
The study shows that many older people want to keep working after they retire, and things like their health and money can change how they feel about it.
Methodology
The study utilized secondary data from the RAND HRS Longitudinal File 2020 and employed logistic regression analysis.
Participant Demographics
Individuals born in 1948 and 1949, including African American and Hispanic individuals.
Digital Object Identifier (DOI)
Want to read the original?
Access the complete publication on the publisher's website