LINGERING IDENTITIES IN RETIREMENT

Older workers were followed through their first two years of retirement in order to explore the lingering effects of preretirement identities on their retirement adjustment and self-esteem. Several interesting findings emerged. Preretirement identities and social background characteristics influenced initial retirement adjustment and later changes in retirement adjustment. In addition, lingering preretirement worker identity and emerging retirement adjustment influenced self-esteem two years into retirement. Further, while there were no overall gender differences, some individual identities and social background characteristics influenced retirement adjustment and self-esteem in a different manner for men and women.     

Professional women's retirement adjustment: the experience of reestablishing order

Twenty-four interviews with 14 retired professional women were conducted and the results were presented as a four-stage process model [Price, C.A., 1998. Women and retirement: the unexplored transition. New York, Garland]. Because retirement adjustment for professional women has been a topic largely overlooked, the data pertaining to the women's adjustment experiences were reexamined in light of current literature and within the frameworks of identity theory and role theory. Retirement adjustment, for these women, was influenced by the following factors: (1) role expansion, (2) maintaining a sense of self, (3) reestablishing structure through time, and (4) community involvement. Results indicate that adjustment to retirement, for professional women, may be enhanced by utilizing work-related skills, maintaining active lifestyles, and nourishing individual self-concepts to counter the loss of former professional roles.     

Social and Psychological Barriers to Private Retirement Savings in Hong Kong

Using a phone survey conducted among Hong Kong workers, we examined the association of institutional, social, and psychological factors with engagement in both private retirement savings and the total amount of savings. Alarmingly, this study demonstrates that approximately 42% of Hong Kong workers do not save privately for their retirement. We found that age, education, number of children, support from spouse and friends, social regulation, perceived financial knowledge, and financial management capacity are associated with engagement in private retirement savings. Among those who saved, age, education, perceived financial knowledge, and financial management capacity are related to the amount of savings. Measures that could increase the social support for retirement savings as well as enhance their financial knowledge and management ability should be developed and implemented so that more workers engage in private retirement savings. A promising policy option for the Hong Kong government is to offer a tax incentive to promote additional savings for old-age income protection.     

Women and retirement: relinquishing professional identity

Twenty-eight interviews were conducted with a sample of 14 retired professional women with continuous work histories. Life history data about the meaning of retirement and the relationship of retirement to issues of identity were collected. By using the grounded theory method, the investigator identified a common theme experienced among the women interviewed: the sacrificing of one's professional identity following retirement, the loss of social contacts, the loss of professional challenges, and encountering stereotypes during retirement. Data from this study indicate women with continuous work histories may enter retirement with apparent ease, yet experience difficulty adjusting to the loss of their professional role. Further research investigating the transition for women from professional status to retirement status is needed.     

A Longitudinal Study of the Effects of Social Support on the Psychological Adjustment of Divorced Mothers

Social support has been frequently hypothesized as a significant moderating influence on the adverse consequences of marital disruption. This exploratory longitudinal study examined the impact of social support on the psychological adjustment of divorced mothers. Divorced mothers provided social network information and psychological adjustment profiles at two months and six months following divorce. Results indicate that there were major changes in the structural and interactional characteristics of the participants' social networks over time. Some types of social support were related to well-being and several structural and interactional characteristics of the social network were related to adjustment.     

Young adults and parental divorce: exploring important issues.

This article discusses the potential impact of parental divorce on the lives of young adult offspring. Parental divorce may upset both social and psychological aspects of the transition to adulthood process. The family roles young adults are expected to assume could be altered by the break-up, as could opportunities for particular young adult pursuits, such as advanced education. Heightened adjustment problems also are likely to result, as divorce produces additional life changes during the highly transitional period of early adulthood. Qualitative data from an exploratory study of 39 college students, ages 18-23, illustrate many of the relevant issues. Suggestions for future research are provided.     

DEMOGRAPHICS, PRODUCTIVITY GROWTH AND THE MACROECONOMIC EQUILIBRIUM

This paper investigates the economic effects of demographics and productivity growth in an intertemporal optimizing model with age-based heterogeneity and induced retirement. Our analysis reveals that the projected "population aging" is likely to increase the growth rate of output and to improve the welfare of the economy, especially if there are no distortional policies which prevent retirement decisions from adjusting endogenously to the demographic changes. The economy also displays different patterns of dynamic adjustment in the quantity and price variables depending upon whether retirement is endogenous.     

Counseling to Promote Retirement Adjustment

Older adults, who represent an increasing proportion of the population, face a major challenge in the adjustment to retirement. Nearly one third of older adults experience difficulty in making this adjustment (Atchley, 1975). Atehley's (1975) theory of adjustment to retirement and relevant empirical data are examined. It is argued that reactions to retirement are diverse and multifaceted. Specific counseling interventions and barriers to counseling older adults are suggested.     

Cohort Differences in Joint Retirement: Evidence from the Health and Retirement Study

The dramatic rise and sustained participation of recent cohorts of women in the labor force has coincided with their increased attachment to the labor market. In this paper we use twelve waves of the Health and Retirement Study (1992-2014) and investigate how married couples belonging to more recent birth cohorts compare with their predecessors in terms of coordinating their retirement decisions. Using a multinomial logit model we estimate the labor force dynamics of dual-earner married couples and find that couples with wives belonging to more recent birth cohorts are less likely to jointly exit the labor force. Further, this declining cohort trend in joint retirement can only partially be explained by commonly observed socio-economic, employment, and health related factors that affect retirement decisions, suggesting an important role for cohort changes in preferences and social norms such as preference for work and attitudes toward gender roles.     

Perceived Paternal and Maternal Acceptance and Rural African American and European American Youths' Psychological Adjustment

This study explores the following question: Are rural African American and European American youths' experiences of paternal and maternal acceptance equally related to their self‐reported psychological adjustment, or do youths' experiences of paternal acceptance account for an independent portion of the variance in psychological adjustment, over and above the portion of variance explained by their experiences of maternal acceptance? This study also explores possible social‐class, age, gender, and paternal‐residence differences in perceived paternal and maternal acceptance and youths' psychological adjustment. The research is based on a proportional, stratified, random sample of 281 African American and European American families in a poor, rural, biracial county of Georgia, U.S.A. Results of multiple regression analyses indicate that only perceived paternal acceptance is significantly related to European American youths' self‐reported psychological adjustment when controlling for the influence of perceived maternal acceptance. In African American families, both perceived paternal acceptance and perceived maternal acceptance are significantly related to youths' self‐reported psychological adjustment. Finally, results of analyses indicate that relationships between perceived paternal and maternal acceptance and youths' psychological adjustment within the ethnic groups are not related significantly to youths' age, gender, paternal residence, or social class.     

Structural and Supportive Changes in Couples' Family and Friendship Networks Across the Transition to Parenthood

This article prospectively examined the patterns of change in couples' family and friend networks and supports across the transition to parenthood as well as stability in individual differences over time. Additionally, parental adjustment and depression were examined with respect to changes in couples' social systems. Participants included a total of 137 couples recruited prior to the birth of their first child from prenatal clinics in rural North Carolina. Couples were interviewed about their social networks and supports at four different time periods: prenatally and when target children were 3, 12, and 24 months of age. Couples also completed measures of depression and adjustment at each of the time periods. Across‐time correlations computed for the social network, support, and parental functioning variables revealed that there was considerable stability in the rank ordering of husbands and wives from the prenatal period through 24 months postpartum documenting continuity in parental networks in the context of change. However, growth curve analyses revealed dynamic changes in mothers' and fathers' social systems during this transition and that many of these changes were related to parental adjustment and depression. The discussion highlights the contribution of these data to understanding continuities and discontinuities in mothers' and fathers' social networks over time.     

Social security in Italy: towards a mixed system?

We evaluate recent reforms of Italian social security with respect to both the (long) transition and the new steady state, as defined by the notional defined contribution formula. The first is hardly sustainable in the face of the projected sharp increase in the dependency ratio. The second is hardly compatible with a good allocation of risks, given the preponderance of the pay-as-you-go (PAYG) component. We believe that further reforms will have to be enacted within PAYG (with a correction to "seniority pensions") and beyond PAYG, with the introduction of an opting-out clause directed at readjusting the relative weights of the two components in households' retirement wealth. The opting-out clause could be combined with TFR (severance pay) diversion, which in itself appears insufficient to realize such an adjustment. Recent government proposals (2001) are briefly discussed.     

Children of Gay and Lesbian Parents

The purpose of this chapter is to review research literature concerning children of gay and lesbian parents. The review includes studies that compared children of lesbian mothers to children of heterosexual mothers on gender identity, gender role, sexual orientation, and varying aspects of psychological health and adjustment. Experiences and perceptions of children of gay fathers are also reviewed. The author's study found that adult-aged daughters of lesbian mothers did not significantly differ from adult daughters of heterosexual mothers on gender identity, gender role, sexual orientation, and social adjustment. Clinical and legal implications were drawn, and suggestions for future research were made.     

The impact of retirement on psychological well-being in Canada

The objective of this study is to investigate the effect of retirement on psychological wellbeing. The empirical part of this study uses seven longitudinal waves of the Canadian National Population Health Survey, spanning 1994 through 2006. To account for biases due to unobserved individual specific heterogeneity, this study deploys panel data methodologies such as fixed effect method, fixed effect logistic method, and instrumental variable fixed effect method. Using age specific retirement incentives provided by Canada's Income Security System as instruments for retirement behavior, the study finds that retirement has significant positive impact on subsequent psychological well-being. The findings of the study would substantiate the continuity theory notion that retirement may actually improve psychological well-being.     

Flexible work schedules, older workers, and retirement

Older workers in the United States indicate that they would prefer flexible work arrangements rather than abrupt retirement, yet management has done very little to make this possible. A review of two bodies of literature from the late 1980s is presented: social science writings including sociological, gerontological, and economic literature, and business and management literature. There is a clash between the way jobs are traditionally scheduled and the needs of growing numbers of older workers. Workers continue to be subject to obstacles to phased retirement due to the structuring of health care and pension benefits, downsizing, organizational inflexibility, and "corporate culture." Thus, general views among social scientists regarding the desirability of flexible schedules toward retirement will not produce real changes unless management becomes committed to such changes and they are securely embedded in company policies.     

Transition to Grandparenthood and Job‐Related Attitudes: Do Grandparental Sex and Lineage Matter?

This study investigated the impact of the transition to grandparenthood on employees' psychological involvement in their job, attitude toward retirement, and retirement‐related hopes and concerns, taking into account sex and lineage. The participants were 152 maternal and paternal grandparents who were assessed at 2 time points (approximately 2 months before and 3 months after the birth of their first grandchild) and 76 control participants who completed the same assessments with an interval of 6 months. Both grandmothers and grandfathers were less involved in their job and had more family‐related hopes and fewer retirement‐related concerns about health, finances, and dependence than control participants. The analyses also revealed lineage effects: Maternal grandparents were less psychologically involved in their job and had a more positive attitude toward retirement, in particular fewer fears of uselessness and loneliness, than paternal grandparents.     

Alternate roles for the elderly: an example from a Midwestern retirement community

Increasing numbers of individuals are surviving to retirement age in relatively good health. With the loss of the work role and other roles typically associated with middle age, they are faced with the dilemma of the "roleless role," an absence of well-articulated, age-appropriate expectations and standards of behavior by which to structure everyday life. Recent anthropological, sociological, and psychological studies indicate the possibility of the development of alternate roles and age-appropriate normative systems in age-homogeneous environments. An example of one such alternate behavioral system is provided from data collected on a small retirement community in the Midwest. A normative system seems to have developed in which personal qualities such as trust, friendliness, and concern for others are more highly valued than former achievements or occupational status. Residents most frequently cited as having made a good adjustment to aging were not necessarily those who were most active, but rather those individuals who showed a determination to "keep going," lacked self-pity, kept mentally alert and aware, were willing to help others, and showed a sense of responsibility to the community. Various roles were developed and were expected to be assumed by incoming residents: alternate "work roles," represented by committee memberships and volunteer activity; "family roles," represented by the supportive or helping relations adopted toward other residents; and leisure-type roles. These behavioral standards and expectations helped to structure the relationships and everyday life of residents within the community.     

Correlates of Psychosocial Adjustment in Adolescents From Divorced Families

The study was designed to identify the factors which predict psychological adjustment among 15 to 18-year-old adolescents whose parents have divorced. Psychosocial adjustment was assessed by the Youth Self Report (Achenbach, 1978, 1991). Predictors included the type of custody arrangement, the psychological adjustment of the custodial parent, factors affecting the adolescent's relationship with the non-custodial parent, demographic characteristics, stressful life events during the two years following the divorce, availability of social support, and family adaptability and cohesion. New York City high school students from divorced (n = 221) and intact (n = 215) families completed the survey instrument. Results indicated that the adjustment of adolescents from divorced families was related positively to the psychological adjustment of the custodial parent, the availability of social support, and family adaptability and cohesion. Adolescent adjustment was related negatively to the degree to which the parents displayed anger or physical abuse before and after the separation, and to the number of stressful life changes following the divorce. The factors predicting the adjustment of adolescents from intact families were similar.     

Renegotiating family gender identities in a disadvantaged Atlantic Canadian working-class community: young adults' perspectives

Within a climate of reduced social welfare support, disadvantaged working-class communities in Canada are in transition as they consider their futures without the industries that were once the staples of their economies. In this paper, I examine how a group of young women and men living in Industrial Cape Breton – a disadvantaged Atlantic Canadian working-class community – negotiate the traditional gendered identities ascribed to them through local history with twenty-first-century conceptions of family and gender. Young adults in this study suggest that class-based and gender-based capital plays a significant role in how these changes are experienced by individuals, families, and communities. Furthermore, the social, economic, and psychological expenses for individuals attempting to secure economic comfort and gendered respectability in their disadvantaged communities leave little time and energy to critically reflect on the systemic social and economic conditions that enable class-based gender inequalities to thrive. As a result, traditional concepts of the masculine family ‘breadwinner’ and the feminine family ‘caregiver’ survive even as the societal basis for these roles is eroded by global capitalism.     

THE GROWTH OF SOCIAL SECURITY: ELECTORAL PUSH OR POLITICAL PULL?

The social security program has grown more than a thousand fold since its inception. Even fnter the increased number of retired persons and inflation are accounted for, average real social security benefit levels more than tripled from the late 1940s to the early 1980s. What accounts for this growth? This paper finds that increased retirement benefit levels are generated by changes in the constraints faced by the median voter rather than by changes in the political power of special interest groups. The results suggest that the median voter has a finite planning horizon.