Life Satisfaction and Occupational Retirement: Beyond the Impact Year

Abstract

This article examines three theoretical perspectives relative to the prediction of life satisfaction following retirement. Hypotheses derived from crisis, continuity, and consistency theories were systematically examined with regard to the pre- and post-retirement satisfaction scores of 114 male respondents (mean age 69 years). The data confirm one of four crisis hypotheses. Specifically, individuals underwent a decline in satisfaction with retirement. Similarly, only one of three continuity hypotheses was partially confirmed. A positive association obtained between satisfaction and orientational change in the voluntary association area. Contrary to the theory, however, respondents underwent a significant decline in satisfaction. Finally, only one of the consistency hypotheses was substantiated. In general, expectational disconfirmations relative to retirement did not result in lowered satisfaction.