Recent research demonstrates that personal mortality salience from annuity contemplation generates an avoidance response, reducing interest in purchasing annuities. However, theoretical models of mortality salience also predict an increased desire for investment in the future circumstances of surviving others ("symbolic immortality"),…

Most private sector employees have access to defined contribution retirement plans while public sector employees often may choose defined benefit or defined contribution plans. This research utilized a survey of faculty to analyze retirement plan satisfaction. Advice from a financial planner was positively associated with satisfaction with…

With one treated and one untreated periods, difference in differences (DD) requires the untreated response changes to be the same across the treatment and control groups, if the treatment were withheld contrary to the fact. A natural way to check the condition is to backtrack one period and examine the response changes in two pretreatment periods.…

Purpose: As part of an ongoing effort to analyze the distributional implications of potential policy reforms to the U.S. Social Security system, we consider the widely discussed reform of earnings sharing. Such an approach has been viewed as a way to "update" Social Security's family benefits based on marital status and as a means to…

After a long decline, the Labor Force Participation Rate (LFPR) of older men in the United States leveled off in the 1980s, and began to increase in the late 1990s. We examine how changes in Social Security rules affected these trends. We attribute only a small portion of the decline from the 1960s-80s to the increasing generosity of Social…

Utilized National Longitudinal Surveys of Mature Men to test effect of retirement on happiness and to analyze an evaluation of retirement item to discern factors that cause lower satisfaction with retirement. Results suggest health factors, recent widowhood, and income have the greatest impact on happiness with life. (Author)

To develop and test preretirement educational materials and methods for hourly rated workers and to determine the immediate effects of participation by these workers and their wives in a group discussion preretirement education program, a study was undertaken with 88 automobile workers (aged 60 or more) and 54 wives as volunteers. Six types of…

This study tested two hypotheses: (1) the importance attached to the intrinsic aspects of work is negatively related to retirement satisfaction, maximum extension of future time perspective (FTP), and the number of events anticipated in the future; (2) retirement satisfaction is positively related to FTP maximum length and events anticipated.…

This study analyzed relationships between successful adjustment to retirement, preretirement counseling, and the psychological, economic, and other background characteristics of individual employees. A preliminary study in the western states showed no small companies, and relatively few other, with preretirement counseling programs of any…

This article identifies typical life course situations that women experience, which contribute to a cycle of discrimination or a recurrence of disadvantages simply because of their sex, race, or age. Although men suffer social, health, psychological, and economic disadvantages as they age, this article focuses primarily on women as a more deprived…