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Objectives: This article examines changes in life satisfaction around retirement exits for those with varying preretirement incomes, testing whether constraints on personal control and control over finances moderate the relationship between retiring and preretirement income., Method: This longitudinal study draws data from the 2004-2014 waves of the Health and Retirement Study to examine changes in life satisfaction pre- versus postretirement for three groups (the poor/near poor, financially vulnerable, and financially stable) of full-time workers aged 51-87 years (N = 970), and a subset (N = 334) who fully retire over a 4-year period., Results: Controlling for baseline life satisfaction, health, job/demographic characteristics, and social engagement, ordinary least squares regression results show financially stable retirees report higher levels of postretirement life satisfaction relative to their full-time working counterparts, whereas the poor/near poor and the financially vulnerable report similar life satisfaction to those who continue working full time. Constraints on personal control and control over finances moderate postretirement life satisfaction for the financially vulnerable., Discussion: Results suggest full retirement predicts improved life satisfaction only for those most advantaged financially. Financially vulnerable older workers may adjust more effectively to retirement if they have access to resources that facilitate greater control over their lives., (© The Author(s) 2018. Published by Oxford University Press on behalf of The Gerontological Society of America. All rights reserved. For permissions, please e-mail: journals.permissions@oup.com.)

Purpose of the Study: Demographic, economic, political, and technological transformations-including an unprecedented older workforce-are challenging outdated human resource logics and practices. Rising numbers of retirement-eligible Boomers portend a loss of talent, skills, and local knowledge. We investigate organizational responses to this challenge-institutional work disrupting age-graded mindsets and policies., Design and Methods: We focus on innovative U.S. organizations in the Minneapolis-St. Paul region in the state of Minnesota, a hub for businesses and nonprofits, conducting in-depth interviews with informants from a purposive sample of 23 for-profit, nonprofit, and government organizations., Results: Drawing on an organizational change theoretical approach, we find organizations are leading change by developing universal policies and practices, not ones intentionally geared to older workers. Both their narratives and strategies-opportunities for greater employee flexibility, training, and scaling back time commitments-suggest deliberate disrupting of established age-graded logics, replacing them with new logics valuing older workers and age-neutral approaches. Organizations in the different sectors studied are fashioning uniform policies regardless of age, exhibiting a parallel reluctance to delineate special policies for older workers., Implications: Developing new organizational logics and practices valuing, investing in, and retaining older workers is key 21st century business challenges. The flexibility, training, and alternative pathways offered by the innovative organizations we studied point to fruitful possibilities for large-scale replacement of outdated age-biased templates of work, careers, and retirement., (© The Author 2016. Published by Oxford University Press on behalf of The Gerontological Society of America. All rights reserved. For permissions, please e-mail: journals.permissions@oup.com.)

Standard pathways for work and retirement are being transformed as the large Boomer cohort moves through typical retirement ages during a moment of economic, social and political change. People are delaying retirement and moving into and out of paid work as the standard lock-step retirement becomes less dominant. However, little research has explored how and why Boomers are taking on these diverse pathways in their later careers. Accordingly, we conduct in-depth interviews with working and retired white-collar Boomers, exploring how they are working and the meanings and motivations for their decisions and plans in their later careers. We find that there is no single dominant pattern for retirement, but rather a diverse mix of pathways shaped by occupational identities, finances, health and perceptions of retirement. Boomers express a desire to have control over their time and to find meaning and purpose in either paid or unpaid activities. However, life course transitions, normative cultural scripts, and gender and class locations as well as workplace and social policies constrain their decisions and plans., (Copyright © 2016 Elsevier Inc. All rights reserved.)

This longitudinal study investigated the relationship between retirement transitions and subsequent psychological well-being using data on 458 married men and women (aged 50-72 years) who were either still in their primary career jobs, retired, or had just made the transition to retirement over the preceding 2 years. The findings show that the relationship between retirement and psychological well-being must be viewed in a temporal, life course context. Specifically, making the transition to retirement within the last 2 years is associated with higher levels of morale for men, whereas being "continuously" retired is related to greater depressive symptoms among men. The results suggest the importance of examining various resources and contexts surrounding retirement transitions (gender, prior level of psychological well-being, spouses' circumstance, and changes in personal control, marital quality, subjective health, and income adequacy) to understand the dynamics of the retirement transition and its relationship with psychological well-being.

This study investigates factors related to retirees' and their spouses' individual and joint retirement satisfaction using decision-making theory and a life course perspective. The sample includes 421 retired respondents (ages 50 to 72) and spouses from the Cornell Retirement and Well-Being Study. Although 77% of retirees report retirement satisfaction, only 67% of their spouses are satisfied; even fewer couples (59%) report joint satisfaction. Multivariate logistic regression analyses reveal that retirees' and spouses' individual and joint reports of retirement satisfaction are related to perceptions of spousal influence on the retirement decision, with effects varying by gender. Those couples most likely to report being satisfied with retirement, individually and jointly, are retired wives and their husbands where wives reported that their husbands were not influential in their retirement decision. The results underscore the importance of regarding retirement as gendered and as both an individual- and a couple-level experience.

Objective This study examined the amount of time married couples share together in a new "encore adult" life course stage around the 50s, 60s, and 70s. Also investigated was the relationship between shared time and experienced well-being for this age group. Method Time diary and survey data were used from nationally representative 2003–2014 American Time Use Survey (ATUS) data for 26,303 adults aged 50–79 years. Analyses examined amount of total and exclusive shared couple time and experiences of happiness and stress when together using multivariate models. Results Shared time was positively associated with couples living on their own, conjoint employment/nonemployment, and age. Encore women and men reported feeling happier and less stressed when with their spouses. Men seemed to find time with spouses more enjoyable if both partners or just their wives were working. Discussion Encore adults are living longer as couples; results suggest couple relationships may occupy most of their days, with potentially positive implications for emotional well-being. Men and women are happier during time with a spouse when the woman works, with men reporting even higher levels of happiness than women. This is important as contemporary couples navigate increasingly complex work/retirement transitions in gendered ways. [ABSTRACT FROM AUTHOR]

Americans are living healthier and longer lives, but the shifting age distribution is straining existing and projected social welfare protections for older adults (e.g., Social Security, Medicare). One solution is to delay retirement. Another is an alternative to "total leisure" retirement--an "encore" stage of paid or unpaid engagement coming after career jobs but before infirmities associated with old age. We draw on gendered life course themes together with data from the American Time Use Survey (2003-2009) to examine the real time American men and women ages 50 to 75 apportion to paid work and unpaid volunteer work on an average day, as well as factors predicting their time allocations. We find that while full-time employment declines after the 50s, many Americans allot time to more limited engagements--working part time, being self-employed, volunteering, helping out--through and even beyond their 60s. Caring for a child or infirm adult reduces the odds of paid work but not volunteering. While time working for pay declines with age (though more slowly for men than women), time volunteering does not. Older men and women in poor health, without a college degree, with a disability or SSI income are the least likely to be publicly engaged. This social patterning illustrates that while the ideal of an encore of paid or unpaid voluntary, flexible, and meaningful engagement is an emerging reality for some, it appears less attainable for others. This suggests the importance of organizational and public policy innovations offering all Americans a range of encore opportunities. [ABSTRACT FROM AUTHOR]

The article discusses the demands of older workers and retirees towards their job in the U.S. According to a study, older workers that prefer to work for fewer hours are already nearing retirement, while, the failure to meet the needs and preferences of older employees made them decide to leave the workforce. It states that older workers often search for a job that does not require them to work full-time. It was found that older workers favor not so good jobs and retirement which give them an opportunity to enjoy their social life as well as reaching out to the needs of their families.