Sociology 2202 Lecture Notes - Lecture 9: Retirement Planning, Individualism, Savings Account
2 Jan 2018
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Document Summary
Individual responsibility: disengagement, activity and continuity theories emphasize individual responsibility for good retirement (slow down, keep active) Retirement is generally good experience: most people are satisfied, last decade: more balance, for many people not working= relief from unsatisfying work, for many, work of another kind continues, unpaid work at home; volunteer work. Main factors contributing to a good retirement: wealth and health: link to meso and macro levels. Incentive programs for early retirement: retirement planning programs, phased retirement an option, have to know when you want to retire, nature of work affects retirement (push to retire; health in retirement) Retirement is an expected transition of later life: defines old age, age relations, cultural expectation embedded in gov(cid:495)t policy. Current contradiction: aging population shrinking labour force but poor economy fewer jobs. The timing of retirement is influenced by multiple factors at different levels: Push factors: poor health, poor job conditions.
