Does risk tolerance change in response to market changes?

Abstract only.Abstract only. Abstract: This study used the 1992-2006 waves of the Health and Retirement Study to investigate changes in risk tolerance levels over time in response to stock market returns. Findings indicate that risk tolerance tends to increase when market returns increase and decrease when market returns decrease. Individuals who change their risk tolerance in this manner are likely to invest in stocks when prices are high and sell when prices are low. Financial advisors and educators should educate investors to help them overcome the bias of overweighting recent news of market performance

A longitudinal study of website accessibility: Have social work education websites become more accessible?

This study (N = 45 schools) sought to determine the accessibility of baccalaureate social work program websites in 2003 and 2008 using Priority 1 checkpoints from the World Wide Web Consortium (W3C) 1.0 guidelines. Paired t-test results indicate that the mean accessibility scores of five of the nine items (plus the website accessibility scale as a whole) was statistically higher after five years. However, 75.6% of programs still had one or more Priority 1 accessibility barriers in 2008 and thus did not meet the lowest W3C accessibility guidelines. This highlights the need for more education about barriers to accessibility and methods for making websites more accessible

Gender Differences in Self-employment of Older Workers in the United States and New Zealand

This study examined differences in self-employment of workers age 50+ in the United States (N = 3,948) and New Zealand (N = 1,434). Separate logistic regression analyses were conducted by country and gender. For both U.S. men and women, lower income, higher wealth, and having an employed spouse increased the likelihood of self-employment. Older age, lower income, higher wealth, and household composition increased the odds of being self-employed for men in New Zealand. Women in New Zealand were more likely to be self-employed if they were in a blue-collar occupation, had higher household wealth, higher education, and did not receive pension income. Self employment can enable older adults to remain in the labor force longer, thereby fostering continued productivity and engagement

Reshaping Retirement Policies in Post-Industrial Nations: The Need for Flexibility

Social Security programs in post-industrial nations are facing the need for policy reforms. Fiscal shortfalls in current Social Security programs are a major driving force promoting these reforms. At the same time, changes in longevity and the nature of work and retirement also suggest the need for policy reform. This article begins with a broad overview of some of the policy innovations of the Europe Union as a whole, and then focuses more indepth on policy reforms in three countries that exemplify Esping-Andersen\u27s (1990) typology of welfare states: Sweden, Germany, and Canada. These three countries have passed policies that promote flexibility in retirement for older adults, including gradual retirement , partial retirement , and credit for caregiving activities. Keeping older adults in the labor force longer retains the tax base of contributors into Social Security as well as allowing those who want to stay in the labor force more choice. The reforms are discussed, along with their potential usefulness for future Social Security policy reforms in the United States

Outdoor environmental supportiveness and older people’s quality of life:A personal projects approach

We present an approach to exploring the role of environmental supportiveness in contributing to older people’s quality of life (QoL), based on Little’s ecological model (2010) in which individual and situational factors influence the personal projects of salience to individuals. Personal Projects are self-generated and purpose-oriented activities or goals in which an individual is engaged (Little, 1983). The efficacy with which the pursuit of these activities is achieved depends on the nature of the project and the degree to which it is supported by external factors such as the environment. We explore the relationship between the outdoor environment and QoL, drawing on the concept of ‘environmental support’ as presented by Sugiyama and Ward Thompson (2007a). There is a positive relationship between the number of outdoor personal projects older people participated in and measures indicative of their QoL. The relationship between perceived environmental support and QoL measures was significant in projects involving nature but not for other project types

Community and Adolescence in Four Societies

This study disputes the assumption that adolescence is a universal life stage as described by Erikson. Data were collected about twelve communities in four countries: the United States, India, New Zealand, and Romania. The findings suggest that there is a hierarchy of communities and societies, and that adolescence is socially constructed in each of these local settings

The Impact of COVID-19 on Depressive Symptoms and Loneliness for Middle-Aged and Older Adults

This study examines the impact of the COVID-19 pandemic on depressive symptoms and loneliness in older adults, using the Protection Motivation Theory Framework. Using data collected between March 2020 and May 2021 as part of the Health and Retirement Study (N = 2145 adults over age 50), the roles of threat and coping appraisals as predictors of protective health behaviors and, ultimately, mental health outcomes, were analyzed using structural equation modeling. Being at high risk for COVID-19 complications and death was associated with more depressive symptoms and loneliness. Higher levels of concern about COVID-19 were associated with more depressive symptoms while knowing someone who had died of the coronavirus was associated with less loneliness. Lower scores for perceived control over one’s health and social life were associated with more depressive symptoms and higher loneliness. These results suggest that moving forward, mental health assessments should consider the impact of the pandemic and include measures specifically asking about COVID-19 concerns and experiences (e.g., death of close friends or family due to COVID-19, protective health measures). Additionally, future responses to this pandemic and other public health emergencies should consider the influence that self-efficacy has on health behaviors and mental health. The pandemic has raised public awareness of the negative consequences of social isolation and acted to destigmatize mental illness, and this greater awareness could encourage middle-aged and older adults to seek various treatments for depression and loneliness

Retirement transitions among married couples

Retirement is often viewed as an event when someone completely withdraws from paid employment. The purpose of the present study was to examine the patterns of retirement transitions evidenced in married couples in the Health and Retirement Study over an 8-year period (1992-2000). The sample consisted of White and Black married couples (N = 1,118) where both spouses were working and at least one spouse was aged 51-61 at baseline. A variety of complex retirement patterns were found. Husbands were more likely than wives to show a linear pattern (i.e., a transition directly from work to complete retirement). Transitions were related within couples. Policy and practice implications are discussed

A multilevel dyadic study of the impact of retirement on self-rated health: Does retirement predict worse health in married couples?

Objectives: This study examined the effects of retirement on self-rated health for married couples, using interdependence and social stratification theoretical frameworks. Methods: Dyadic multilevel modeling of data (N = 2,213 non-Hispanic couples) from 1992-2010 of the Health and Retirement Survey. Results: Retirement was associated with worse self-ratings of health (SRH) short-term for both husbands and wives during the first couple of years of retirement. In addition, the longer husbands (but not wives) were retired, the more their SRH worsened. Cross-spouse effects varied by gender: when wives retired, their husbands’ SRH improved short-term, but when husbands retired their wives’ SRH improved long-term. Spouse education moderated the relationship between years since spouse’s retirement and SRH for wives. Discussion: Practitioners can use this information to help married couples through retirement planning and transitions. Results suggest that models of retirement in couples should pay greater attention to gender and other social stratification factors, spousal interdependence, and length of time since retirement

Anticipatory socialization for retirement: A multilevel dyadic model

Role theory, widely used to examine human behavior, has often been used to describe the transition from work to retirement. Anticipatory socialization, a role theory concept, describes the process that occurs prior to role transitions and assists in that transition by helping individuals learn the norms for the new role. However, not all workers engage in retirement planning. Lack of retirement planning is of concern because those individuals who do not plan for major life transitions tend to be less successful in adjusting to role changes. Data from the Health and Retirement Study were used; selection criteria required participants to be age 45 or older, working full- or part-time, and have complete data for the study variables. Multilevel modeling results of dyadic data from the Health and Retirement Study (N = 1,028 dual-earner couples) indicate that older age, being White, higher income, greater retirement wealth, and looking forward to retirement predicted greater anticipatory socialization (i.e., thinking about and discussing retirement) by both husbands and wives. For wives only, having a health problem limiting work, higher spouse occupational status, and having a spouse who was looking forward to retirement predicted more anticipatory socialization. For husbands only, higher education, higher depressive symptomatology, and lower occupational status predicted more anticipatory socialization. This study found evidence of spousal congruence, with husbands, on average, engaging in more anticipatory socialization than wives. These findings identify couples that could most benefit from targeted efforts to increase anticipatory socialization, which predicts better retirement adjustment and satisfaction