Understanding the influence of demographic and psychological variables on retirement planning.
The authors examined the degree to which workers were engaging in financial, health, interpersonal/leisure, and work planning for retirement, exploring whether demographic and psychological variables inhibited or promoted planning in each of these domains. Planning in each domain was influenced by a unique set of variables. Goals emerged as a consistent and positive predictor of planning. Gender accounted for health and interpersonal/leisure planning, while work planning behavior was negatively predicted by income. Time perspective also helped to clarify the amount of retirement planning undertaken in the financial and interpersonal/leisure domains. Practical implications for designing retirement interventions are discussed.
Petkoska
Jasmina
J
School of Psychology, University of New South Wales, Sydney, Australia.
Earl
Joanne K
JK
D000375:Aging / Q000523:psychology*; D001294:Attitude to Health; D004522:Educational Status; D004651:Employment / Q000523:psychology; D005260:Female; D006040:Goals; D006801:Humans; D007398:Interpersonal Relations; D007899:Leisure Activities; D008297:Male; D008875:Middle Aged; D010415:Pensions; D010934:Planning Techniques; D012179:Retirement / Q000523:psychology*; D012959:Socioeconomic Factors; D011795:Surveys and Questionnaires