Abstract
Increasingly rapid demographic aging poses a challenge to the promotion of satisfaction in retirement. Because satisfaction in retirement is an important indicator of well-being and quality of life during retirement, it is necessary to analyze the predictors of satisfaction and build models that will help policymakers propose guidelines and initiatives in this area. Focusing on time and available resources, this study proposed and tested an explanatory model of satisfaction in retirement that assumes individual resources to be the mediator between retirement planning and satisfaction in retirement. The study included 1194 retirees between the ages of 44 and 88 from all regions of Brazil, of whom a slight majority (55.4%) were women. Participants responded to a questionnaire about satisfaction in retirement, individual resources, planning for retirement and socio-demographic characteristics. The proposed model was partially confirmed, in that only physical, financial and social resources were found to play a mediating role in the relationship between retirement planning and satisfaction in retirement. The results emphasize that it is important for retirement planning to focus on developing individual resources essential to well-being, especially those related to health, finances and relationships. The discussion also addresses the situation of retirees in Brazil and suggests improvements to the way well-being in retirement is conceived. The article concludes by recommending that other variables be included in future studies and that the model be tested in other contexts.
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Acknowledgments
The first author would like to thank the Coordination for the Improvement of Higher Education Personnel in Brazil [Coordenação de Aperfeiçoamento de Pessoal de Nivel Superior - CAPES - http.//www.capes.gov.br] for the financial support received during her doctoral studies (2016-2019).
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The authors declare that all participants in this research were treated in accordance with the ethical guidelines specified by the American Psychological Association (2010), including the informed consent form. The study was submitted to the Research Ethics Committee of the Salgado de Oliveira University and approved on 12/16/2015 under CAAE number 51932015.5.0000.5289.
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The authors declare to have no conflicts of interest related to the submission of the article “Individual Resources and Planning in a Model of Satisfaction in Retirement” for the Journal of Happiness Studies.
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Amorim, S.M., de Freitas Pinho França, L.H. Health, financial and social resources as mediators to the relationship between planning and satisfaction in retirement. Curr Psychol 41, 3510–3524 (2022). https://doi.org/10.1007/s12144-020-00836-8
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DOI: https://doi.org/10.1007/s12144-020-00836-8