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).
|Title of host publication||Individual Adaptability to Changes at Work|
|Subtitle of host publication||New Directions in Research|
|Place of Publication||New York NY USA|
|Number of pages||22|
|Publication status||Published - 2014|