Is Retirement Depressing?: Labor Force Inactivity and Psychological Well-Being in Later Life

@inproceedings{Charles2002IsRD,
  title={Is Retirement Depressing?: Labor Force Inactivity and Psychological Well-Being in Later Life},
  author={Kerwin Kofi Charles},
  year={2002}
}
This paper assesses how retirement - defined as permanent labor force non-participation in a man's mature years - affects psychological welfare. The raw correlation between retirement and well-being is negative. But this does not imply causation. In particular, people with idiosyncratically low well-being, or people facing transitory shocks which adversely affect well-being might disproportionately select into retirement. Discontinuous retirement incentives in the Social Security System, and… CONTINUE READING

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