Horizon effect on optimal retirement decision

2021 ◽  
Author(s):  
Junkee Jeon ◽  
Minsuk Kwak ◽  
Kyunghyun Park
Keyword(s):  
Retirement Decision ◽  
Horizon Effect

scholarly journals Does the Road to Happiness Depend on the Retirement Decision? Evidence from Italy

2018 ◽  
pp. 237-248 ◽  
Author(s):  
Claudio Deiana ◽  
Gianluca Mazzarella
Keyword(s):  
Retirement Decision ◽  
The Road

An Exploration of Five Stages in Faculty Retirement Decision Making

2020 ◽  
pp. 193672442098298
Author(s):  
Beverlee B. Anderson ◽  
Jennifer Jeffries ◽  
Janet McDaniel
Keyword(s):  
Decision Making ◽  
Qualitative Research ◽  
Decision Process ◽  
Process Model ◽  
Working Life ◽  
Substantial Portion ◽  
Retirement Decision ◽  
Faculty Retirement ◽  
Cognitive Decision

Humans make thousands of decisions each day. Most of the decisions we make are trivial or relatively unimportant in possible consequences. However, there are a few decisions we make in life that are lifechanging; one of those is the decision to retire from the professoriate. Voluntarily deciding to leave a profession where one has spent a substantial portion of one’s working life is one of life’s major decisions. This qualitative research looks at the various influences, actions, and feelings through the process of deciding to retire. Using a five-stage cognitive decision-process model as a framework, this paper reports on the reflections of 20 recent retirees over the five stages of the decision process from when first seriously considering the decision to postretirement activities and feelings. The results show that while all faculty progressed through the five stages, the timeframe, influences, feelings, and actions were unique to each individual.

Physician Involvement in Patients' Retirement Decision-Making

2017 ◽  
Vol 25 (3) ◽  
pp. S100 ◽  
Author(s):  
Nisha Mehta-Naik ◽  
Nancy Needell ◽  
Caitlin Snow
Keyword(s):  
Decision Making ◽  
Retirement Decision

THE FADING DREAM OF RETIREMENT: SOCIAL AND FINANCIAL CONSIDERATIONS AFFECTING THE RETIREMENT DECISION

2008 ◽  
Vol 28 (2) ◽  
pp. 213-233
Author(s):  
John Markert
Keyword(s):  
Retirement Decision

Empirical analyses of dynamic categorical data

2015 ◽  
Author(s):  
◽  
Cai Hu
Keyword(s):  
Health Status ◽  
Social Security ◽  
Credit Rating ◽  
Cox Proportional Hazards Model ◽  
Retirement Decision ◽  
Current Health ◽  
Current Health Status ◽  
Before And After ◽  
The Impact ◽  
Health Deterioration

[ACCESS RESTRICTED TO THE UNIVERSITY OF MISSOURI AT AUTHOR'S REQUEST.] Essay 1 analyzes the married couples' retirement decision using the PSID data. I employ the proportional hazard model to examine the factors that influence the retirement decision of husband and wife, and focus on examining the correlation of husband and wife's retirement status. This essay finds that an individual is more likely to retire if his or her spouse has retired. The retirement hazard is higher if an individual is in worse health. The worse health status also affects the spouse's retirement hazard, but the spouse effect is asymmetry. With the wife in worse health, the husband's retirement hazard decreases. With the husband in worse health, the wife's retirement hazard increases. I also find that the greater the social security income or pension, the higher the retirement hazard. But for the spouse effect, the husband's social security income or pension has impact on the retirement schedule of his wife, while I find no significant impact of wife's retirement benefit on husband's retirement timing. Essay 2 explores the transitions of health status using PSID data from 1984 to 2011 with the ordered logit model and the Cox proportional hazards model. The result shows that the impact of current health status on future health status is relatively large. A worse current health status would lead to a smaller probability for health deterioration, but it is less likely to be in a good health status in the future. There is strong health persistence. Social economics factors' impact on latent health status is also significant, although the magnitude is relatively small. Higher income level and education level would decrease the likelihood of health deterioration, and individuals with high income and high education would be more likely to be in better health status. When comparing different occupations, white-collar job is less associated with health deterioration, and this type of worker is more likely to be in better health status. Essay 3 applies the competing risks model to estimate the movement of corporate credit ratings using WRDS COMPUSTAT data. The credit rating variable is the Standard and Poor's long-term domestic issuer credit rating. The explanatory variables contain measures of leverage, liquidity, current profitability and future profitability. I estimate the impacts of these financial ratios on the upward and downward of credit rating. In addition, I estimate samples before and after the 2008 subprime crisis to study the influence of financial crisis on the credit rating. The result shows that firms with a higher liquidity are more likely to be upgraded and less likely to be downgraded. The impact of liquidity is weaker after the crisis. I find that when the current level of profitability increases, the firm is more likely to be upgraded than to be downgraded. The effect of current profitability is larger after the crisis. Firms with higher leverage ratio are more likely to be upgraded and less likely to be downgraded. And the effect of leverage is similar before and after the crisis.

Determinants of Early Retirement in the UAE

2021 ◽  
Vol 17 (2) ◽  
pp. 57-69
Author(s):  
Eda Orhun ◽  
Wifag Adnan ◽  
Mouawiya Alawad
Keyword(s):  
Work Environment ◽  
Stress Level ◽  
Early Retirement ◽  
Online Survey ◽  
Physical Workload ◽  
Survey Study ◽  
Survey Method ◽  
Pension Benefit ◽  
Retirement Decision ◽  
Work Related

Abstract The purpose of this paper is to analyze the retirement behavior of UAE nationals by understanding the socio-economic characteristics of early retirees and identifying the main determinants of early retirement. Accordingly, a survey study is created and deployed for current employees and retirees affiliated with Abu Dhabi Retirement and Pension Benefit Fund (ADRPBF). The survey was designed to reach 100 retirees and 200 currently active workers from those registered at the ADRPBF. The survey was conducted by employing the online survey method and face-to-face interviews. The total number of respondents is around 244, with a total response rate of 81.33%. Some factors related to the psychosocial work environment play a significant role in the early retirement decision of Emiratis. These factors are stress level, autonomy level and authority level at work. In addition to these, the level of work environment comfortability and life-work balance seem to also affect the early retirement decision. In general, the results indicate that higher the stress level, lower the level of autonomy and authority; higher the early retirement decision within the Emirati workforce. Last but not least, the likelihood of early retirement increases significantly if employees face a work-related health problem. Initiatives at the government and company level to adjust the working conditions for the capacity of elderly people shall be considered. Healthy living campaigns and sport programs might be launched to reduce work-related health problems and consequently early retirement. Our work is the first comprehensive study exploring the early retirement decision of the UAE nationals. One limitation of our study is the limited number of participants in the survey. Future work that will include a higher number of participants and supplementary questions to cover more job features (physical workload, other psychosocial factors) might be helpful.

Besluitvorming rondom pensioneren: de invloed van werk- en organisatiecontext

2011 ◽  
Vol 24 (4) ◽  
Author(s):  
Hanna van Solinge ◽  
Kène Henkens
Keyword(s):  
Decision Making ◽  
Older Workers ◽  
Organizational Context ◽  
Work Place ◽  
Retirement Age ◽  
Decision Making Process ◽  
Older Individuals ◽  
Organizational Policies ◽  
Retirement Decision

The retirement decision making process: the role of work and organizational context The retirement decision making process: the role of work and organizational context Gedrag & Organisatie, volume 24, November 2011, nr. 4, pp. 428-450.This article links organizational forces to individual decision making on retirement. We examine to what extent work characteristics and organizational context (organizational policies and workplace norms toward retirement) affect the (planned) retirement age of workers aged 50 and over. We use data from the NIDI Work and Retirement Panel. This is a longitudinal study among older workers of three private sector organizations and among civil servants in the Netherlands. We use information for those employees that participated in 2001 as well in 2007 (N = 1,611). The results indicate that job characteristics are associated with retirement decision making: older individuals with attractive jobs (in terms of challenge and growth) have a higher (planned) retirement age, the opposite holds for older workers with demanding jobs. Social forces in the work place are relevant as well. The results indicate that older workers in organizations with an ‘early exit culture’, where almost all co-workers take early retirement, show a low propensity to continue working. Perceived supervisor support for extending working life has the opposite effect. Workers that feel that their supervisor has a positive attitude towards working longer, have a higher (planned) retirement age.

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