Home  About us  Contact
 

Retirement Planning (retirement + planning)

Distribution by Scientific Domains
Medical Sciences80%

Selected Abstracts

The impact of health on individual retirement plans: self-reported versus diagnostic measures

HEALTH ECONOMICS, Issue 7 2010
Nabanita Datta Gupta
Abstract We reassess the impact of health on retirement plans of older workers using a unique survey-register match-up which allows comparing the retirement effects of potentially biased survey self-reports of health to those of unbiased register-based diagnostic measures. The aim is to investigate whether even for narrowly defined health measures a divergence exists in the impacts of health on retirement between self-reported health and objective physician-reported health. Our sample consists of older workers and retirees drawn from a Danish panel survey from 1997 and 2002, merged to longitudinal register data. Estimation of measurement error-reduced and selection-corrected pooled OLS and fixed effects models of retirement show that receiving a medical diagnosis is an important determinant of retirement planning for both men and women, in fact more important than economic factors. The type of diagnosis matters, however. For men, the largest reduction in planned retirement age occurs for a diagnosis of lung disease while for women it occurs for musculo-skeletal disease. Except for cardiovascular disease, diagnosed disease is more influential in men's retirement planning than in women's. Our study provides evidence that men's self-report of myalgia and back problems and women's self-report of osteoarthritis possibly yield biased estimates of the impact on planned retirement age, and that this bias ranges between 1.5 and 2 years, suggesting that users of survey data should be wary of applying self-reports of health conditions with diffuse symptoms to the study of labor market outcomes. On the other hand, self-reported cardiovascular disease such as high blood pressure does not appear to bias the estimated impact on planned retirement. Copyright © 2009 John Wiley & Sons, Ltd. [source]

Are nurses prepared for retirement?

JOURNAL OF NURSING MANAGEMENT, Issue 6 2008
JUDITH BLAKELEY BScN
Aim, This study explored various factors and income sources that registered nurses believe are important in retirement planning. Background, In many countries worldwide, many registered nurses are approaching retirement age. This raises concerns related to the level of preparedness of retiring nurses. Methods, A mail-out questionnaire was sent to 200 randomly selected nurses aged 45 and older. SPSS descriptors were used to outline the data. Multiple t -tests were conducted to test for significant differences between selected responses by staff nurses and a group of nurse managers, educators and researchers. Results, Of 124 respondents, 71% planned to retire by age 60. Only 24% had done a large amount of planning. The top four planning strategies identified were related to keeping healthy and active, both physically and mentally; a major financial planning strategy ranked fifth. Work pensions, a government pension and a personal savings plan were ranked as the top three retirement income sources. No significant differences were found between the staff nurse and manager groups on any of the items. Implications for nursing managers/conclusions, The results of this study suggest that managers' preparation for retirement is no different from that of staff nurses. All nurses may need to focus more on financial preparation, and begin the process early in their careers if they are to have a comfortable and healthy retirement. Nurse managers are in a position to advocate with senior management for early and comprehensive pre-retirement education for all nurses and to promote educational sessions among their staff. Managers may find the content of this paper helpful as they work with nurses to help them better prepare for retirement. This exploratory study adds to the limited amount of research available on the topic. [source]

The Retirement Expectations of Middle-aged Australians,

THE ECONOMIC RECORD, Issue 269 2009
DEBORAH A. COBB-CLARK
We use HILDA data to examine the retirement plans of middle-aged Australians. We find that approximately two-thirds of men and more than half of women report a numeric expected retirement age which we refer to as having a standard retirement plan. Still, one in five individuals seem to have delayed their retirement planning and approximately 1 in 11 either does not know when he or she expects to retire or expects to never retire. Retirement plans are closely related to current labour market position, with workers in jobs with well-defined superannuation benefits more likely to report numeric expected retirement ages. [source]

Medical masters: A pilot study of adaptive ageing in physicians

AUSTRALASIAN JOURNAL ON AGEING, Issue 3 2009
Carmelle Peisah
Aim:, To describe models of career and lifestyle options for ageing doctors that suggest adaptability to ageing and retirement. Method:, Doctors aged 60 or older from Australia, Canada and the United States (n= 25) deemed to be ageing well by peers were administered a semistructured interview to obtain demographic and qualitative data regarding lifestyle, attitudes to ageing and retirement. Results:, Emergent themes included: (i) insights into the physical and psychological vicissitudes of ageing and the effects of such on practice; (ii) the need for adaptations in working hours and choice of work; (iii) the importance of long-term retirement planning; (iv) the usefulness of a transitional phase to ease into retirement; and (v) the need to cultivate a variety of medical and non-medical pursuits and relationships early in one's career. Conclusion:, These insights might encourage doctors to engage in long-term occupational, familial, social and financial planning and provide potential models of adaptive ageing in doctors for further study. [source]