What makes retirees happierA gradual or 'cold turkey' retirement?

What makes retirees happierA gradual or 'cold turkey' retirement?

What makes retirees happier

A gradual or 'cold turkey' retirement?

Calvo

Esteban

Calvo, Esteban

Author

Author

Haverstick

Kelly

Haverstick, Kelly

Author

Author

Sass

Steven A.

Sass, Steven A.

Author

Author

text

working paper

Chestnut Hill, Mass. Center for Retirement Research at Boston College20072007monographic

Chestnut Hill, Mass.

Chestnut Hill, Mass.

Center for Retirement Research at Boston College

2007

2007

monographic

Englisheng

English

eng

electronicapplication/pdfborn digital

electronic

application/pdf

born digital

This study explores the factors that affect an individuals happiness while transitioning into retirement. Recent studies highlight gradual retirement as an attractive option to older workers as they approach full retirement. However, it is not clear whether phasing or cold turkey makes for a happier retirement. Using longitudinal data from the Health and Retirement Study, this study explores what shapes the change in happiness between the last wave of full employment and the first wave of full retirement. Results suggest that what really matters is not the type of transition (gradual retirement or cold turkey), but whether people perceive the transition as chosen or forced.

Esteban Calvo, Kelly Haverstick, and Steven A. Sass.

CRR WP2007-18

CRR WP2007-18

CRR WP

2007-18

http://crr.bc.edu/images/stories/Working_Papers/wp_2007-18.pdf

MChBEnglisheng

MChB

Englisheng

English

eng