Health and early retirement decisions.
Health and economic considerations have consistently played important roles in retirement decisions. Increases in early retirement benefits by some employers have increased the incentive to retire early, thus inducing a change in the health and economic relationships. During the three months following implementation by a large manufacturing firm of a labor contract which included substantial improvement in early retirement benefits, structured interviews were conducted with 45 employees who had chosen early retirement and 35 eligible employees who had chosen to continue working. Data are presented on the relationship between health and retirement decisions, and on the differences between early retirees and non-retirees in regard to perceived health status, job satisfaction, potential for continued employment, leisure involvement, and morale. Implications for the primary care physician's interactions with workers who face early retirement are discussed.
D000367:Age Factors; D000368:Aged; D006262:Health; D006304:Health Status; D006801:Humans; D007087:Illinois; D007588:Job Satisfaction; D007750:Labor Unions; D008875:Middle Aged; D010551:Personality; D012179:Retirement; D012959:Socioeconomic Factors