This is the third article in a series in Forbes from the author, a former psychologist. Continuing from the previous two articles, a third theory of retirement adjustment is known as the Life Course Perspective. It’s a very broad approach coming from the field of sociology that takes into account all the elements in one’s life.
It includes that a person’s past matters, and the adjustment to a life stage such as retirement must be considered within the context of their prior experiences. It has meaningful implications for the retirement decision and it presumes that individuals will take into consideration all the various aspects of their lives as they decide whether and when to stop working.
Here are links to the previous articles in the series: