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ERIC Number: EJ983816
Record Type: Journal
Publication Date: 2012-Oct
Pages: 12
Abstractor: As Provided
Reference Count: N/A
ISSN: ISSN-0001-8791
Retirement Resources Inventory: Construction, Factor Structure and Psychometric Properties
Leung, Cindy S. Y.; Earl, Joanne K.
Journal of Vocational Behavior, v81 n2 p171-182 Oct 2012
The scientific investigation of the relationship between resources and retirement well-being is impeded by the lack of proper measurement of resources. This study reports on the development of an inventory that assesses resources relevant to retirement well-being. The 35-item Retirement Resources Inventory (RRI) is a self-report measure consisting of three factors. The RRI was extensively evaluated in a sample of 267 Australian retirees aged 50 years or above. In general, the three subscales of the RRI were shown to possess good internal consistency (0.81-0.89) and test-retest reliability (0.83-0.88) within a one-month interval. Retirement resources, as assessed by the RRI, significantly accounted for additional variance in both retirement satisfaction (16%) and retirement adjustment (22%) above and beyond that explained by demographic variables. More importantly, results from cross-lagged panel analysis indicated that retirement resources predicted retirement well-being rather than the reverse. Findings from the current study provide strong support for the resource perspective, which proposes that resources are critical to well-being in retirement. Theoretical and practical implications of these findings for retirement planning and designing retirement interventions are discussed. (Contains 4 tables.)
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Publication Type: Journal Articles; Reports - Research
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Australia