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- W3139917784 abstract "Abstract This chapter examines long-term development in subjective well-being or overall life satisfaction before and after retirement. Several hypotheses are considered: (1) early retirees suffer from retirement, compared with later retirees, because they are more likely to have been forced out of jobs involuntarily, or by declining health; (2) early retirees benefit from retirement, compared with normal retirees, because they can make use of generous early retirement incentives not available to those who may retire later; or (3) there is no difference between early and normal retirement because both types of individuals have chosen retirement optimally. The study finds that at ages younger than sixty, those who are retired are on average much less happy than those who are working. The difference is mainly due to a composition effect, as these early retirees are generally covered by disability pensions." @default.
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- W3139917784 date "2009-01-01" @default.
- W3139917784 modified "2023-10-17" @default.
- W3139917784 title "Early Retirement, Social Security, and Well-Being in Germany" @default.
- W3139917784 doi "https://doi.org/10.7208/chicago/9780226903361.003.0006" @default.
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