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- W3015653713 abstract "Retirement insecurity is a rising trend among both workers and retirees in the US. National evidence indicates that many individuals in the labor force expect to work for pay during retirement, and among those, over 50% expect this post-retirement employment to be a source of income for them. In addition, reports show that current retirees are less likely to expect to be able to meet household expenses and cover health-related costs than in 2017. Although feelings of retirement insecurity are on the rise, there is limited understanding of factors driving these concerns. The purpose of this study was to explore potential determinants of retirement insecurity, specifically by assessing the impact of job insecurity. We utilized data from a longitudinal study of manufacturing workers in the state of Connecticut (N=452) between 2011 and 2013 to examine the relationship between job insecurity and retirement expectations. Using hierarchical multiple regression analysis, our results found both recent and persistent job insecurity were associated with the expectation to work for pay after retirement, the prediction to be unable to meet household expenses during retirement, and the expectation to delay retirement to keep health insurance benefits, even after controlling for age, gender, income, level of supervisory responsibility, and job type. These findings suggest that developing and implementing strategies for workers to cope with job insecurity may help alleviate retirement-related concerns. Given recent reported improvements in the US economic climate, future examination of this topic involving more recent data is needed to determine if this relationship persists." @default.
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- W3015653713 date "2018-11-01" @default.
- W3015653713 modified "2023-09-23" @default.
- W3015653713 title "THE RELATIONSHIP BETWEEN RETIREMENT EXPECTATIONS AND JOB INSECURITY AMONG THE AGING US WORKFORCE" @default.
- W3015653713 doi "https://doi.org/10.1093/geroni/igy031.3714" @default.
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