Psychological Research on Retirement

Annu. Rev. Psychol. 2014. 65:209–33

29 Pages Posted: 18 Jul 2015

See all articles by Mo Wang

Mo Wang

University of Florida - Department of Management

Junqi Shi

Sun Yat-sen University (SYSU) - Lingnan (University) College

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Date Written: January 2014


Retirement as a research topic has become increasingly prominent in the psychology literature. This article provides a review of both theoretical development and empirical findings in this literature in the past two decades. We first discuss psychological conceptualizations of retirement and empirical operationalizations of retirement status. We then review three psychological models for understanding the retirement process and associated antecedents and outcomes, including the temporal process model of retirement, the multilevel model of retirement, and the resource-based dynamic model for retirement adjustment. We next survey the empirical findings regarding how various individual attributes, job and organizational factors, family factors, and socioeconomic context are related to the retirement process. We also discuss outcomes associated with retirement in terms of retirees' financial well-being, physical well-being, and psychological well-being.

Keywords: retirement, retirement planning, retirement decision making, retirement adjustment, bridge employment

Suggested Citation

Wang, Mo and Shi, Junqi, Psychological Research on Retirement (January 2014). Annu. Rev. Psychol. 2014. 65:209–33, Available at SSRN:

Mo Wang (Contact Author)

University of Florida - Department of Management ( email )

United States

Junqi Shi

Sun Yat-sen University (SYSU) - Lingnan (University) College ( email )

135 Xingang Xi Road
Guangzhou, Guangdong 510275

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