In this article, we combine the extensive literature on the analysis of life-course trajectories as sequences with the literature on causal inference and propose a new matching approach to investigate the causal effect of the timing of life-course events on subsequent outcomes. Our matching approach takes into account pre-event confounders that…

An increasing number of individuals will be unable to retire comfortably amidst an international retirement savings crisis. Research suggests that behavioral factors contribute to inadequate retirement savings. We present a procedure that reframes the retirement savings decision, aimed at alleviating some of the negative effects of the behavioral…

Financial risk tolerance is an important personal characteristic that is widely used by financial professionals to guide the development and presentation of client-centered recommendations. As more baby boomers enter retirement, research on how these individuals perceive their willingness to take financial risks has gained importance, particularly…

The purpose of this study was to examine the relationship between financial literacy and financial behaviors among various age groups. Financial literacy was measured in three ways: objective financial knowledge, subjective financial knowledge or confidence, and subjective financial management ability. The age groups were 18-24, 25-34, 35-44,…

Obtained two-week sleep diaries and four nights of laboratory recordings from 40 persons aged 50 to 70. Results showed no significant effect on sleep structure associated with employment status. Retirement appeared to increase the amount of sleep, generally the result of earlier bedtimes rather than later awakenings. (JAC)

What individuals do during their leisure time in an age-segregated community is often determined by what is provided. Planners of leisure services play a direct role in determining what people do during their leisure time. (JD)

Examined effects of Swedish partial pension system on workforce participation among older workers. Findings suggest that policy implementation altered pattern of work behavior among older men, but not among older women. Changes in pension compensation rates appear to have affected participation in partial pensions, including number of participants…

Administrators in higher education disclosed life style patterns for the "retirement period" from ages 65 to 75. Two contrasting patterns are described-Transformers and Maintainers. These groups reported differences in boyhood experiences, attitudes toward retirement, and choices of activity after age 65. (Author)

Compared leisure behavior patterns after retirement with those of preretirement. Examined data within the context of the spillover and compensatory hypotheses, with retirement representing a nonwork sphere. Findings revealed a spillover effect, characterized by a high degree of passive, solitary leisure behavior both before and after retirement.…

In the future American society may move away from its present structure of work and then retirement toward a blending of work, leisure, and education throughout life. (JD)

Alternative models of the choice of retirement state are estimated on a sample of white married males from the Retirement History Survey, 1967-73. Findings suggest that the critical choice for a large number of older workers appears to be that of labor force participation first, with either partial or full-time employment determined conditionally…

Questions whether role loss significantly influences volunteering, based on data from a sample of 4,339 older adults. Findings suggested that other social characteristics such as socioeconomic status and gender have a greater influence on volunteer patterns. (JAC)

Vroom's expectancy theory model to predict older worker's choices between employment or retirement hypothesized that a person's preference would be a function of differences between instrumentality of employment and retirement for attainment of outcomes, multiplied by the valence of each outcome, summed over outcomes. Results supported the…

Preretirement characteristics, postretirement attitudes, and retirement satisfaction were examined for (N=1511) retirees. Multivariate analysis indicated that retirement style was a significant predictor of overall retirement satisfaction, and the subscales of satisfaction with activities, and satisfaction with finances. (Author)

The nature of leisure participation among retirees and the effect of "types" of leisure on life satisfaction were the subject of this study. Isolate activities were found to be most prevalent. Life satisfaction appeared to be influenced by activity "type", number of activities, and participation-enjoyment congruence. (Author)