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Relative income, absolute income and thelife satisfaction of older adults: do retireesdiffer from the non-retired?

Boodoo, Muhammad Umar, Gomez, Rafael and Gunderson, Morley (2014) Relative income, absolute income and thelife satisfaction of older adults: do retireesdiffer from the non-retired? Industrial Relations Journal, 45 (4). pp. 281-299. ISSN 0019-8692

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Identification Number: 10.1111/irj.12052

Abstract

We examine life-satisfaction of older adults using a representative sample of Cana- dian individuals aged 45+. Our findings confirm a long line of employment relations research on the importance of ‘relational concerns’ in that: (i) income relative to the average for a given person’s gender, age, region and marital status (relative income) matters more in improving life satisfaction as a whole than does absolute personal income; (ii) the relationship between relative income and happiness is much stronger for the non-retired than retired persons, likely reflecting the importance of compari- sons among peers at the workplace; and (3) absolute personal income does have a small positive relationship with life satisfaction but only for retirees and not for the non-retired

Item Type: Article
Official URL: http://onlinelibrary.wiley.com/journal/10.1111/(IS...
Additional Information: © 2014 John Wiley & Sons Ltd
Divisions: LSE
Subjects: H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HT Communities. Classes. Races
Date Deposited: 11 Sep 2015 10:45
Last Modified: 26 Jun 2020 23:27
URI: http://eprints.lse.ac.uk/id/eprint/63499

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