“…Different groups of factors can be assumed to shape the costs and benefits of prolonged employment versus retirement. One central guiding framework in this respect, which has become increasingly popular in the literature on retirement timing in recent years (e.g., see Damman, Henkens, & Kalmijn, 2011;Madero-Cabib, Gauthier, & Le Goff, 2016;Raymo, Warren, Sweeney, Hauser, & Ho, 2011;Szinovacz, DeViney, & Davey, 2001), is the life course perspective. This broad theoretical framework proposes that life transitions-such as the transition from work into retirement-should be understood by taking into account the experiences and contexts that surround it (Settersten, 2003).…”