Affiliation:
1. Department of Management University of Texas at Arlington Arlington Texas USA
2. Vaud State Career Counseling Services Lausanne Switzerland
3. Vaud State School Psychology Services Vevey Switzerland
4. University of Applied Sciences and Arts Western Switzerland Fribourg Switzerland
5. Institute of Psychology University of Lausanne Lausanne Switzerland
Abstract
AbstractSuccessfully adjusting to retirement, in terms of achieving psychological comfort with one's retirement life, represents a major challenge for older workers. Although current literature emphasizes that it may depend on the availability and fluctuation of specific resources, little is known about which types and how resources allow recent retirees to adjust to retirement. Drawing on the resource‐based dynamic model for retirement adjustment and conservation of resources theory, the current study aims to elaborate theory on resources' types, relative importance and combinations in caravans, and the processes through which they shape successful retirement adjustment. In a consensual qualitative research using abductive reasoning with recent retirees aged 66–69, we find four major resource types. We show that their importance varies (from the most important to the least: social interactions, life conditions, time management and individuality) and that they travel in caravans within a resource type. We further propose a model highlighting how these resources shape successful retirement adjustment through resources signal, conservation and acquisition processes. Overall, our findings offer theoretical and empirical contributions to the resource perspective on retirement adjustment and to conservation of resources theory's understanding of resources' categorization, processes and caravans.