ERIC Number: ED243056
Record Type: RIE
Publication Date: 1983-Nov-20
Reference Count: 0
Personal Values: Psychological Determinants of Retirement Preparation.
Price, William F.
With the trend toward early retirement and the fact that people are living to an older average age, more years of an individual's life will be spent in retirement. To examine personal values as psychological determinants of the retirement preparation process, 206 classified university employees, between the ages of 50 and 65 years of age, completed the Retirement Preparation Indexes and the Rokeach Value Survey. A value profile was established for each level of preparation (low or high) by computing median rankings for each value for all respondents in the category. An analysis of the results showed that preretirees with a high level of retirement preparation preferred terminal values which were action-oriented and self-actualizing, and instrumental values which emphasized virtuous and altruistic, self-assertive, and cognitive interests, e.g., a sense of accomplishment, wisdom, social recognition, and inner harmony. Persons scoring low on the Retirement Preparation Indexes showed a preference for more self-centered and hedonistic terminal values, and for instrumental values that were other-directed in nature, e.g., obedient, polite, forgiving. The findings suggest that value orientation may be a meaningful predictor of preretirement planning. (BL)
Publication Type: Reports - Research; Speeches/Meeting Papers
Education Level: N/A
Authoring Institution: N/A
Identifiers: Retirement Planning
Note: Paper presented at the Annual Scientific Meeting of the Gerontological Society (36th, San Francisco, CA, November 17-22, 1983).