Job satisfaction, retirement attitude and intended retirement age : a conditional process analysis across workers' level of household income

Davies, Eleanor M. M., Van der Heijden, Beatrice I. J. M. and Flynn, Matt (2017) Job satisfaction, retirement attitude and intended retirement age : a conditional process analysis across workers' level of household income. Frontiers in Psychology, 8, p. 891. ISSN (online) 1664-1078

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Abstract

In the contemporary workplace, insight into retirement behaviors is of crucial importance. Previous empirical evidence has found mixed results regarding the relationship between work attitudes, such as job satisfaction, and retirement behaviors, suggesting that further scholarly examination incorporating moderating and mediating variables into retirement models is needed. Drawing on comparative models of attitude to retirement, we hypothesized a direct relationship between job satisfaction and intended retirement age for workers with a high household income and an indirect relationship between job satisfaction and intended retirement age, via retirement attitude, for workers with a low or mean household income. We collected data from a sample of 590 United Kingdom workers aged 50+. Using conditional process analysis, we found that the underlying mechanisms in our research model differ according to socio-economic status. We found no direct effect between job satisfaction and intended retirement age. However, an indirect effect was observed between job satisfaction and intended retirement age, via retirement attitude, for both low- and mean-household income individuals. Specifically, the relationship between job satisfaction and retirement attitude differed according to socio-economic group: for high-household income older workers, there was no relationship between job satisfaction and retirement attitude. However, for low- and mean-household income older workers, we observed a negative relationship between job satisfaction and retirement attitude. Otherwise stated, increases in job satisfaction for mean and low household income workers are likely to make the prospect of retirement less attractive. Therefore, we argue that utmost care must be taken around the conditions under which lower income employees will continue their work when getting older in order to protect their sustainable employability.

Item Type: Article
Additional Information: Project "Age diversity: Applying the Capabilities Approach to Retirement and Career Development across the Life Course." was supported by the Economic and Social Research Council (ESRC) and the Research Grant Council (RGC) [grant number: ES/I028072/2].
Research Area: Business and management studies
Psychology
Faculty, School or Research Centre: Faculty of Business and Law (until 2017)
Faculty of Business and Law (until 2017) > Kingston Business School (Department of Management) (from August 2013)
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Depositing User: Katrina Clifford
Date Deposited: 03 Jul 2017 10:31
Last Modified: 25 May 2018 10:07
DOI: https://doi.org/10.3389/fpsyg.2017.00891
URI: http://eprints.kingston.ac.uk/id/eprint/38416

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