- 50-65 aged, West-Germany, followed 18 years, 1984-2002
- N = 10000
- Non Response:
- Authors's label
- Our Classification
- a: men and women retiring at age 55 to 59 and legally disabled
b: all other men and women retiring at age 55 to 59
c: men retiring at age 60 to 62
d: women retiring at age 60
e: men retiring at age 63 or later
f: women retiring at age 61 or later (short employment history).
Observed Relation with Happiness
The most unhappy are those who retire early and are disabled at retirement.
- log household income
- individual disability status.
Among males retirement is followed by a rise in happiness:both among early male retirees because of disability and among male retirees at age 60-62.
Happiness is lowest at the year of retirement (retirement dip).