title: A three-phase model of retirement decision making.
abstract: The present article organizes prominent theories about retirement decision making around three different types of thinking about retirement: imagining the possibility of retirement, assessing when it is time to let go of long-held jobs, and putting concrete plans for retirement into action at present. It also highlights important directions for future research on retirement decision making, including perceptions of declining person-environment fit, the role of personality traits, occupational norms regarding retirement, broader criteria for assessing older workers' job performance, couples' joint decision making about retirement, the impact of self-funded and self-guided pension plans on retirement decisions, bridge employment before total withdrawal from the work force, and retirement decisions that are neither entirely forced nor voluntary in nature.
authors.affiliation: Terry College of Business, University of Georgia, Athens, 30602, USA. dfeldman@terry.uga.edu
authors.forename: Daniel C
authors.initials: DC
authors.lastname: Feldman
authors.forename: Terry A
authors.initials: TA
authors.lastname: Beehr
mesh_terms: D000375:Aging / Q000523:psychology*; D003657:Decision Making; D004651:Employment / Q000191:economics / Q000523:psychology*; D006801:Humans; D008962:Models, Theoretical; D010415:Pensions; D012179:Retirement / Q000191:economics / Q000523:psychology*