Understanding the influence of demographic and psychological variables on retirement planning

Jasmina Petkoska, Joanne K. Earl*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

89 Citations (Scopus)

Abstract

The authors examined the degree to which workers were engaging in financial, health, interpersonal/leisure, and work planning for retirement, exploring whether demographic and psychological variables inhibited or promoted planning in each of these domains. Planning in each domain was influenced by a unique set of variables. Goals emerged as a consistent and positive predictor of planning. Gender accounted for health and interpersonal/leisure planning, while work planning behavior was negatively predicted by income. Time perspective also helped to clarify the amount of retirement planning undertaken in the financial and interpersonal/leisure domains. Practical implications for designing retirement interventions are discussed.

Original languageEnglish
Pages (from-to)245-251
Number of pages7
JournalPsychology and Aging
Volume24
Issue number1
DOIs
Publication statusPublished - Mar 2009
Externally publishedYes

Keywords

  • goals
  • predictors
  • retirement planning
  • time perspective

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