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date: 29 November 2020

Abstract and Keywords

This chapter provides a summary of developments in retirement adjustment research. The chapter starts with a review of the major theoretical approaches to adjustment to life events in general, and retirement in particular. The second part provides a summary of empirical findings. To organize these findings, a distinction is made between research focusing on the descriptive question regarding the general impact of retirement on the individual, and research posing the explanatory question of why adjustment is more difficult in some cases than in others. The last part highlights future directions that may be fruitful for researchers in this area. Both methodological issues and empirical gaps in the literature are adressed. This chapter seeks to contribute to the understanding of how the loss of work affects successful aging and hopes to offer more insight into the circumstances under which retirement jeopardizes the well-being of older adults.

Keywords: adjustment to retirement, retirement satisfaction, determinants, adjustment process, well-being, empirical findings, life events, retirement transition

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