Women and Retirement

SUMMARY

A feminist analysis of retirement is presented by questioning the applicability of traditional definitions and theories of retirement to retired women. The effects of marriage, caregiving and other family obligations on women's retirement are examined within the context of salient social, psychological and economic factors. An empowerment-oriented perspective that considers interactions and connections between family and work roles, public and private and personal and political levels are recommended to alleviate the high poverty rates among older women, to promote parity among men and women during retirement and to emancipate women from substantial involvement in unpaid work, specifically, caregiving and home labor.     

Unanticipated consequences: a comparison of expected and actual retirement timing among older women

The present study adds to the growing body of literature on women and retirement by means of a comparative analysis of the factors associated with anticipated retirement timing (among pre-retirees) and actual retirement timing (among retirees). Adopting a political economy of aging perspective, we argue that socially-structured patterns of gender inequality related to women's multiple roles across the life course affect patterns of retirement timing. Specifically, we hypothesize that the gendered nature of women's work-retirement decision-making is unanticipated during pre-retirement years. Logistic regression analyses are performed on data drawn from a sample of 275 women aged 45 and older living in the Vancouver area of British Columbia. A central finding is that while actual timing of retirement is affected by family caregiving responsibilities and by health/stress factors, pre-retirees do not perceive these to be important in their own expected retirement timing. Implications for social policy, education, and women's financial and psychological well-being in old age are elaborated.     

Unanticipated Consequences: A Comparison of Expected and Actual Retirement Timing Among Older Women

ABSTRACT

The present study adds to the growing body of literature on women and retirement by means of a comparative analysis of the factors associated with anticipated retirement timing (among pre-retirees) and actual retirement timing (among retirees). Adopting a political economy of aging perspective, we argue that socially-structured patterns of gender inequality related to women's multiple roles across the life course affect patterns of retirement timing. Specifically, we hypothesize that the gendered nature of women's work-retirement decision-making is unanticipated during pre-retirement years. Logistic regression analyses are performed on data drawn from a sample of 275 women aged 45 and older living in the Vancouver area of British Columbia. A central finding is that while actual timing of retirement is affected by family caregiving responsibilities and by health/stress factors, pre-retirees do not perceive these to be important in their own expected retirement timing. Implications for social policy, education, and women's financial and psychological well-being in old age are elaborated.     

Level of choice in older women’s decisions to retire or continue working and associated well-being

Retirement is a complex life transition. Women’s retirement, like their work lives, may be further complicated, for example, by family or financial obligations; they may feel forced to retire or to continue working or feel they have the choice to do so. This study examines the role of voluntary versus involuntary retirement or continued work participation among retirement-age women; specifically, the relationships between choice, work status, and well-being. Compared to women forced to retire, women who chose retirement or continuing to work had higher levels of life satisfaction. Findings highlight the importance of examining retirement within the life course context.     

What do highly qualified professionally achieving women do after retirement in India? Exploring time use,leisure, and volunteering

ABSTRACT

This study analyzes the time use of highly qualified professionally achieving (HQPA) women after retirement. Data were collected from a random sample of 1,023 HQPA women in the city of Mumbai, India. HQPA women spent their postretirement time in caregiving and family responsibilities, leisure activities, and volunteer work. Several HQPA women volunteered at social service organizations as the main postretirement activity. In a developing country like India, which is still growing in terms of skilled human resources, this voluntary engagement of experienced and skilled older women is crucial. Policy makers in India and developing nations can promote this.     

Retirement for women: the impact of employment

This study compares the retirement experiences of professional and nonprofessional women. The analysis is based on 48 interviews with women ranging in age from 63-83 years. Participants provided personal and occupational histories and described their retirement decisions, transitions, and lives in retirement. The women's retirement experiences differed in five areas: (1) attachment to work, (2) professional identity, (3) social contacts, (4) family roles/obligations, and (5) community involvement. Findings indicate investment in the work role does affect how women transition to retirement as well as how they structure their time in retirement.     

Demographics,the Third Age and partial retirement: Policy proposals to accommodate the changing picture of female retirement in Canada

Much concern has been raised around the potential impact of the retirement of the large baby boom generation. This article specifically addresses the unique issues surrounding the retirement of female baby boomers. Demographic changes, including increased labor force participation, coupled with declining fertility rates, have resulted in a social transformation of the roles women play in society. Despite these changes, women still bear much of the caregiving responsibilities in the household, which can complicate retirement choices. This article examines female retirement in the Canadian context and presents three policy proposals to expand women’s retirement choices, encourage longer-term labor force participation, and thereby extend their working lives into the Third Age.     

Long-term economic consequences for women of delayed childbearing and reduced family size

Using data from the Panel Study of Income Dynamics, this study explored the association among delayed childbearing, completed family size and several measures of the economic well-being of women age 60 and older in 1976. By retirement age women who bore their first child at age 30 or older are significantly better off economically than either average-age childbearers or the childless. Economic well-being also appears to be related to family size among late childbearers. At retirement age the delayed childbearer with only one or two children appears better off than all other women. Thus, late childbearing and small family size appear associated with the highest standard of living for these women. This study also relates the experience of this early cohort of women to that of more recent birth cohorts.     

Is There a Trade-off Between Parent Care and Self-care?

Caregiving for family members is often described as a 36-hour day. Previous literature has suggested that family caregivers have little time to attend to their own health needs, such as participating in leisure-time physical activity. Using data from the Health and Retirement Study, we analyze whether time-allocation decisions reflect a conflict between time devoted to informal care and time devoted to self-health promotion through physical activity. The empirical model is a system of four correlated equations, wherein the dependent variables are hours spent caregiving, frequency of moderate and vigorous physical activity, and hours spent in paid work. Results from joint estimation of the four equations indicate limited evidence of a competition between time spent in caregiving and frequency of physical activity. Parental factors that increase allocation of care time to parents do not comprehensively induce reductions in the frequency of any type of physical activity, or in hours of work, among either men or women.     

The Consequences of Caregiving: Effects on Women’s Employment and Earnings

Caregiving to family members comprises a major part of familial obligations in the United States. Informal caregiving is unevenly distributed in society, with women performing most of the work and bearing the burden of its costs. This paper addresses the cost dimension of informal caregiving to family members by examining whether and how it penalizes women’s employment. Drawing data from the 1987 and 1992 National Survey of Families and Households, we examine whether and how caregiving transitions affect changes in women’s labor force participation and the implications of this caregiving transitions for their earnings. We calculate how these effects vary for demographically different groups of women: those older and younger, with and without high levels of education, and married and not married. Our findings reveal that for most women, the initiation of caregiving led to a substantial reduction in their weekly hours worked and annual earnings. However, the effects were different for various subgroups of women: those older, with fewer skills, and more competing roles paid substantial costs if they began caregiving between 1987 and 1992.     

Retired women and volunteering: the good, the bad, and the unrecognized

In this article, we examine varied attitudes and practices toward volunteering in later life, as shared by a group of 40 retired women. We categorize women based on their engagement in retirement and label the categories according to societal expectations as follows: traditional volunteers as "good," nonvolunteers as "bad," and caregiving volunteers as "unrecognized." Using critical gerontology and a feminist framework, we juxtapose the lived experiences of retired women with a prevailing discourse on successful aging and civic engagement. We advocate for societal recognition of caregiving as a valuable form of volunteering, as well as the need to respect multiple ways in which older women experience and find meaning in later life.     

Gender Differences in Retirement Planning Among Educators:

Genger differences in amount of retirement financial planning were examined among 3,064 retirees from a major state retirement system. Significant gender differences were found in amount of personal financial planning, perceived adequacy of planning and attendance at retirement workshops with women planning less than men. Factors most important for retirement planning among women are identified and intervention strategies for practitioners to help women better prepare for retirement are suggested.     

Health expectancies in Japan: gender differences and policy implications for women

Based on prospective observation of elderly people in the community in Japan, we compared the time-course of development and progression of physical disability between women and men. Men experienced disability at a younger age and at a faster rate than did women. The duration of time spent with disability in women was twice as long as in men. Consequently, women consume about two-thirds of the total resources of formal caregiving services in Japan. Women in Japan are increasingly educated, postponing marriage to higher ages, and less likely to care for parents in the home. Given these changes in family structure and social norms, the capacity for informal family caregiving has decreased dramatically. A recently enacted national long-term care insurance system may further change the picture of caregiving.     

Gender differences in retirement decisions in Hong Kong

The study of labor force participation at older ages and the process of retirement do not have a long tradition in Asia's newly developed societies. This study, based on telephone survey of 950 respondents, examines various socio-economic factors that would influence retirement decision among older workers in Hong Kong. The findings show that older men were more likely to participate in the labor force than older women. Interestingly, older workers, in particular older women, with pension were less likely to retire. Having a working spouse decreased the likelihood of retirement and older workers, in particular older women, living with married children were more likely to retire. Poor health also discourages the propensity to continue working at old age. These findings confirm that retirement entails much more than just a decision to stop work, and that there were gender differences in retirement decision. Finally, several policy challenges, with reference to elderly women, concerning older workers' labor force participation were discussed.     

Transforming Retirement: New Definitions of Life After Work

This quantitative research study uses survey data of women born between 1946 and 1951 in Australia. It follows earlier work that identified the importance of transitions from work for women of the baby boomer generation. We provide important insights into the lives of women who have partially or fully retired and the changing nature of women's work and retirement. For many women, retirement is characterized by newfound freedoms, opportunities, career change, and evolving identities, yet others view retirement as a continuation of previous occupational and gendered roles and commitments. This study has important implications for retirement policies for women.     

Women millennials’ perceptions of pension savings through the use of autoenrollment in the UK pension system

There has been concern about younger people, and women in particular, not saving enough for retirement and how to encourage further saving. Therefore, this study—partly funded by the Fawcett Society in association with Scottish Widows—explores female millennials’ attitudes and motivations toward pension saving and automatic enrollment through the use of 40 semistructured interviews and a focus group. The findings show that although the introduction of autoenrollment pensions is generally positively received, pensions knowledge is still limited, and this intensifies the risk of undersaving for retirement among millennial women, particularly given women’s diverse work histories.     

Women's Transitions in Retirement:

To facilitate insight into the choices and options each woman has for her retirement. the retirement olanner should guide each woman through a self ass~ssmenptr ocess. 'he first step invilves an examination of how she has cooed and made decisions during the other of life's transitions. This is 'followed by an assessment 07 the meaning work has for each individual: its social aspects, the slructure, and the issues of identity, prestige, and power. Continuing the process, the retirement planner helps women evaluate the changing relationships with friends and family. The married woman will assess her marriage in the framework of her need for privacy, independence and autonomy. Sample questions from self assessment scales are included.     

Anticipation of retirement among baby boomers

A total of 32 interviews were conducted with women in academia who were born between 1946 and 1964. Twenty-one of these interviews were completed with academic women in the United States. and eleven with academic women in New Zealand. The data were analyzed to determine what these "baby boomers" anticipate for their retirement as well as their concerns about facing retirement. Cohort and cross-cultural comparisons were made. The authors identified common themes in the interviews. These included rejection of the traditional definition of retirement, anticipated age at retirement determined by personal needs rather than age-graded societal norms, retirement projected to be an active period involving a mix of work and leisure activities, and major concerns, about health and health care, the availability of entitlements and finances. The findings from this study indicate baby boomers are forging a new path for retirement. Further research investigating the transition for women of the baby boom generation from worker to retiree may open windows into the future of retirement for women.     

Anticipation of Retirement Among Baby Boomers

ABSTRACT

A total of 32 interviews were conducted with women in academia who were born between 1946 and 1964. Twenty-one of these interviews were completed with academic women in the United States. and eleven with academic women in New Zealand. The data were analyzed to determine what these “baby boomers” anticipate for their retirement as well as their concerns about facing retirement. Cohort and cross-cultural comparisons were made. The authors identified common themes in the interviews. These included rejection of the traditional definition of retirement, anticipated age at retirement determined by personal needs rather than age-graded societal norms, retirement projected to be an active period involving a mix of work and leisure activities, and major concerns, about health and health care, the availability of entitlements and finances. The findings from this study indicate baby boomers are forging a new path for retirement. Further research investigating the transition for women of the baby boom generation from worker to retiree may open windows into the future of retirement for women.