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The Impact of Retirement on Subjective Well-Being: Evidence from Chinese Formal Sector Workers.

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Title: The Impact of Retirement on Subjective Well-Being: Evidence from Chinese Formal Sector Workers.
Authors: Jiang, Tianshu (AUTHOR), Fan, Hongli (AUTHOR), Wei, Qian (AUTHOR)
Source: Journal of Happiness Studies. Oct2024, Vol. 25 Issue 7, p1-22. 22p.
Abstract: Using data from the China Health and Retirement Longitudinal Study (CHARLS), we examine the impacts of retirement on subjective well-being (SWB) among formal sector workers in China. Retirement negatively affects formal sector workers’ life satisfaction, marital satisfaction, and satisfaction with children, as well as worsens depression. We compare the impacts of retirement based on labor force participation with those based on statutory retirement under the mandatory retirement policy on SWB. Both retirement criteria exhibit negative impacts on SWB; however, because many workers continue to work even after being classified as retired statutorily, the negative effect of retirement on SWB is underestimated when using the statutory retirement definition. Additionally, the analyses of gender, regional, and occupational heterogeneity indicate that different subgroups exhibit the same negative impacts of retirement on SWB; however, the significance levels vary across different outcome variables. Finally, by discussing the push and pull factors on retirement decisions and conducting a mechanism analysis, we enrich the narrative on the impact of retirement on SWB and provide evidence for the reform of retirement postponement policies in China. [ABSTRACT FROM AUTHOR]
Copyright of Journal of Happiness Studies is the property of Springer Nature and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Database: Psychology and Behavioral Sciences Collection
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  Data: The Impact of Retirement on Subjective Well-Being: Evidence from Chinese Formal Sector Workers.
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  Data: <searchLink fieldCode="AR" term="%22Jiang%2C+Tianshu%22">Jiang, Tianshu</searchLink> (AUTHOR)<br /><searchLink fieldCode="AR" term="%22Fan%2C+Hongli%22">Fan, Hongli</searchLink> (AUTHOR)<br /><searchLink fieldCode="AR" term="%22Wei%2C+Qian%22">Wei, Qian</searchLink> (AUTHOR)
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  Data: <searchLink fieldCode="JN" term="%22Journal+of+Happiness+Studies%22">Journal of Happiness Studies</searchLink>. Oct2024, Vol. 25 Issue 7, p1-22. 22p.
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  Data: Using data from the China Health and Retirement Longitudinal Study (CHARLS), we examine the impacts of retirement on subjective well-being (SWB) among formal sector workers in China. Retirement negatively affects formal sector workers’ life satisfaction, marital satisfaction, and satisfaction with children, as well as worsens depression. We compare the impacts of retirement based on labor force participation with those based on statutory retirement under the mandatory retirement policy on SWB. Both retirement criteria exhibit negative impacts on SWB; however, because many workers continue to work even after being classified as retired statutorily, the negative effect of retirement on SWB is underestimated when using the statutory retirement definition. Additionally, the analyses of gender, regional, and occupational heterogeneity indicate that different subgroups exhibit the same negative impacts of retirement on SWB; however, the significance levels vary across different outcome variables. Finally, by discussing the push and pull factors on retirement decisions and conducting a mechanism analysis, we enrich the narrative on the impact of retirement on SWB and provide evidence for the reform of retirement postponement policies in China. [ABSTRACT FROM AUTHOR]
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  Data: <i>Copyright of Journal of Happiness Studies is the property of Springer Nature and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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