Increases in wellbeing in the transition to retirement for the unemployed: catching up with formerly employed persons

Ponomarenko, Valentina; Leist, Anja; Chauvel, Louis

doi:10.1017/s0144686x17000976

Cited by 17 publications

(12 citation statements)

References 55 publications

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“…In turn, the loss of identity utility reduced well-being when they became unemployed is thus an important component of the non-pecuniary cost of job loss. Ponomarenko et al (2019) replicate this analysis for several European countries and come to the same conclusion.…”

Section: Changing the Social Categorysupporting

confidence: 65%

“…People who are homemakers before retirement, i.e. they are economically 'inactive' but do not consider themselves as unemployed, do not significantly gain life satisfaction when retiring (Ponomarenko et al 2019). Possibly, homemakers do not identify themselves as part of the working population already before retiring, which is why the transition is less of a relief compared to retiring job seekers, who switch social categories.…”

Section: Changing the Social Categorymentioning

confidence: 99%

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Happiness, Work, and Identity

Hetschko

Knabe

Schoeb

2021

Handbook of Labor, Human Resources and Population Economics

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This chapter introduces identity utility to the study of (un)employment and (un)happiness. The concept is described in terms of an augmented utility function, the implications of which are assessed in light of the empirical literature on unemployment and well-being. Studies on unemployed persons' affective and cognitive well-being allow assessing the importance of the loss of identity utility relative to other nonmonetary consequences of joblessness, such as fewer social contacts and a lack of a structure in daily life. Unlike life satisfaction, unemployment leaves affective well-being mostly unaffected, which points to a major relevance of the loss of identity. This view is corroborated further by studies on the importance of the social norms to work and be self-reliant for the life satisfaction of the unemployed, as well as by studies showing the positive life satisfaction effect of retirement on unemployed workers. Based on this strong evidence for identity utility losses of unemployed persons, the notion of identity utility is used to explain heterogeneity in the effect of unemployment on life satisfaction. It is also linked to further consequences of unemployment, such as social exclusion and stigmatization. Moreover, this chapter uses identity utility to assess the likely effectiveness of labor market policies in alleviating the misery of the unemployed. Finally, research on work, happiness and identity is reconciled with a more standard economics view on labor supply based on studies examining the impact of working hours on workers' well-being.

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Section: Changing the Social Categorysupporting

confidence: 65%

Section: Changing the Social Categorymentioning

confidence: 99%

Happiness, Work, and Identity

Hetschko

Knabe

Schoeb

2021

Handbook of Labor, Human Resources and Population Economics

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“…Instead, the effect of retirement on health depends on which was the individual’s status before retirement. Retiring from employment is generally associated with health deteriorations [ 29 ], whereas when the initial status was unemployment or inactivity the effect of retirement seems to be null or even positive [ 30 ].…”

Section: Introductionmentioning

confidence: 99%

Early-life conditions and health at older ages: The mediating role of educational attainment, family and employment trajectories

2018

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ObjectivesWe examine to what extent the effect of early-life conditions (health and socioeconomic status) on health in later life is mediated by educational attainment and life-course trajectories (fertility, partnership, employment).MethodsUsing data from the Survey of Health, Ageing and Retirement in Europe (N = 12,034), we apply, separately by gender, multichannel sequence analysis and cluster analysis to obtain groups of similar family and employment histories. The KHB method is used to disentangle direct and indirect effects of early-life conditions on health.ResultsEarly-life-conditions indirectly impact on health in later life as result of their influence on education and family and employment trajectories. For example, between 22% and 42% of the effect of low parental socio-economic status at childhood on the three considered health outcomes at older age is explained by educational attainment for women. Even higher percentages are found for men (35% - 57%). On the contrary, the positive effect of poor health at childhood on poor health at older ages is not significantly mediated by education and life-course trajectories. Education captures most of the mediating effect of parental socio-economic status. More specifically, between 66% and 75% of the indirect effect of low parental socio-economic status at childhood on the three considered health outcomes at older age is explained by educational attainment for women. Again, higher percentages are found for men (86% - 93%). Early-life conditions, especially socioeconomic status, influence family and employment trajectories indirectly through their impact on education. We also find a persistent direct impact of early-life conditions on health at older ages.ConclusionsOur findings demonstrate that early-life experiences influence education and life-course trajectories and health in later life, suggesting that public investments in children are expected to produce long lasting effects on people’s lives throughout the different phases of their life-course.

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“…Finally, there are studies that link the characteristics of working lifecourse with the retirement effects on wellbeing that have found that persons who have been involuntarily unemployed experience a significant increase in wellbeing after retirement (e.g. Hetschko et al, 2014;Ponomarenko et al, 2019), whereas economically inactive persons do not show the same increase (Ponomarenko et al, 2019).…”

Section: Research Questionsmentioning

confidence: 99%

Exploring the relationship between working history, retirement transition and women's life satisfaction

Tambellini

2021

Ageing and Society

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How does the transition to retirement affect female subjective wellbeing? The major theoretical perspectives that have been applied as frameworks to study the heterogeneous adjustment to retirement include role theory and continuity theory. They have often been integrated with a lifecourse approach, which allows us to study retirement as a transition set inside a lifelong process. In this paper, I assess how working life courses are related to changes in subjective wellbeing before and after retirement, using data from the Survey of Health, Ageing and Retirement in Europe (SHARE) and concentrating on women. Firstly, I conduct sequence analysis and cluster analysis to identify groups of typical working lifecourses from ages 20 to 50. Secondly, regression models estimate how retirement transition is associated with changes in life satisfaction, according to the different working trajectories. The results show that some of the trajectories, constituted of discontinuity or part-time periods, exhibit a continuous increase in life satisfaction, passing from employment (or unemployment) to retirement. For other trajectories, such as the full-time one, retirement seems not to have implications for subjective wellbeing.

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Increases in wellbeing in the transition to retirement for the unemployed: catching up with formerly employed persons

Cited by 17 publications

References 55 publications

Happiness, Work, and Identity

Happiness, Work, and Identity

Early-life conditions and health at older ages: The mediating role of educational attainment, family and employment trajectories

Exploring the relationship between working history, retirement transition and women's life satisfaction

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