Contribution of retirement-related variables to well-being in an older male sample

Abstract

With New Zealand's increasing older adult population comes an increase in the number of retirees. Changes in work patterns, earlier retirement and increasing life expectancy are resulting in longer periods of time spent in retirement. The effects of retirement on health and well-being have been viewed both positively and negatively and previous research on the impact of retirement has been equivocal. Inconsistencies may be attributable to a number of factors including time since retirement, changes in health status of the retiree, loss of social supports, policies of voluntary versus mandatory retirement and whether the work career was satisfying versus unfulfilled. Further, there are many possible outcomes following retirement and indices such as depression, and psychological well-being may be influenced by retirement in different ways. The present study sought to address a number of these issues by investigating the relative contribution of demographic, health, social support and retirement related variables to a number of indices of well-being in a group of retired older adult males. The present study found the nature of retirement (forced/voluntary) was unrelated to well-being outcomes; number of years retired was negatively associated with well-being outcomes; and prior job satisfaction was positively related to well-being outcomes. However, retirement variables contributed little to the overall explained variance in well-being indices. The major contributors to outcomes were diagnosis of a long-term illness or disability and satisfaction with social supports. Findings are discussed in relation to the literature.