Full retirement?

An examination of factors that influence the decision to return to work

Authors

  • Karen Eilers Lahey Department of Finance, College of Business Administration, University of Akron
  • Doseong Kim Department of Finance, College of Business Administration, University of Akron
  • Melinda L. Newman Department of Finance, College of Business Administration, University of Akron

DOI:

https://doi.org/10.61190/fsr.v15i1.4839

Keywords:

Reverse retirement, Health insurance, Life cycle, Retirement

Abstract

We examine a sample of retirees who either remain fully retired or return to work in some capacity. Surprisingly, we find that those who rejoin the labor force are no less financially prepared for retirement than are their counterparts who remain retired. Instead, the factors that significantly influence the decision to return to work are the availability of health insurance, whether the initial decision to retire is freely chosen, and the degree of satisfaction with retirement. However, the factors that significantly affect the decision to return to work differ between those who wanted to retire and those who were forced into retirement.

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Published

2006-03-30

Issue

Vol. 15 No. 1 (2006): FSR Spring 2006

Section

New Original Submission

License

Copyright (c) 2006 Academy of Financial Services

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How to Cite

Full retirement? An examination of factors that influence the decision to return to work. (2006). Financial Services Review, 15(1), 1–19. https://doi.org/10.61190/fsr.v15i1.4839