Retirement and adaptability

Mo Wang, Lee Thomas Penn

Research output: Chapter in Book/Report/Conference proceedingChapter (Book)Researchpeer-review

Abstract

As life expectancy rises, it becomes more important to understand retirement, as individuals can spend signifi cant portion of their lifetime in retirement. Wheaton and Crimmons (2013) report that the number of people of retirement age (65 and above) increased from 3.1 million Americans in 1900 to 40.2 million Americans in 2010, and this is projected to increase to 88.5 million Americans in 2050. More people have the privilege to retire today than ever before, yet the true psychological complexity of retirement has yet to be fully explored (Shultz and Wang, 2011). Previous researchers have mainly focused on the fi nancial aspects of retirement, and not the psychological aspects, such as the adjustment processes. Some exceptions (e.g., Wang, 2007; Zhan et al., 2009) have found that antecedents such as retirement planning and bridge employment facilitate retirement adjustment. Research also has shown that retirement transition is not a homogenous process but can take multiple forms and go through multiple phases of adjustment, a focus left untouched by the economic and consumption perspective on retirement (Shultz and Wang, 2011).
Original languageEnglish
Title of host publicationIndividual Adaptability to Changes at Work
Subtitle of host publicationNew Directions in Research
EditorsDavid Chan
Place of PublicationNew York NY USA
PublisherRoutledge
Chapter8
Pages134-155
Number of pages22
Edition1st
ISBN (Electronic)9780203465721
ISBN (Print)9780415832908
DOIs
Publication statusPublished - 2014
Externally publishedYes

Cite this

Wang, M., & Penn, L. T. (2014). Retirement and adaptability. In D. Chan (Ed.), Individual Adaptability to Changes at Work: New Directions in Research (1st ed., pp. 134-155). Routledge. https://doi.org/10.4324/9780203465721-19