The authors would like to thank James Anderson, Department of Sociology, for guidance and advice on early drafts of this article.
Intrinsic Rewards of Work, Future Time Perspective, the Economy in the Future and Retirement Planning
Article first published online: 14 SEP 2011
Copyright 2011 by The American Council on Consumer Interests
Journal of Consumer Affairs
Special Issue: Aging Consumers
Volume 45, Issue 3, pages 419–444, Fall 2011
How to Cite
YANG, T.-Y. and DEVANEY, S. A. (2011), Intrinsic Rewards of Work, Future Time Perspective, the Economy in the Future and Retirement Planning. Journal of Consumer Affairs, 45: 419–444. doi: 10.1111/j.1745-6606.2011.01211.x
- Issue published online: 14 SEP 2011
- Article first published online: 14 SEP 2011
This study incorporated intrinsic rewards of work, future time perspective and perspective on the economy in the future to create a model for the psychological mechanism of planning for retirement. The data set included those who were not retired (N = 2,266) in the 1992 Health and Retirement Study. Confirmatory factor analyses and structural equation modeling were used. The analyses were conducted separately on the different types of retirement plans. The results suggest that human resource professionals should (1) encourage employees who perceive high intrinsic rewards of work to plan for their retirement, and (2) remind employees that retirement might be closer than they anticipate.