Job satisfaction declines before retirement in Germany

Georg Henning (), Graciela Muniz-Terrera, Andreas Stenling and Martin Hyde
Additional contact information
Georg Henning: German Centre of Gerontology
Graciela Muniz-Terrera: Ohio University
Andreas Stenling: University of Umeå
Martin Hyde: University of Leicester

European Journal of Ageing, 2024, vol. 21, issue 1, No 33, 11 pages

Abstract: Abstract Job satisfaction has been found to increase with age. However, we still have a very limited understanding of how job satisfaction changes as people approach retirement. This is important as the years before retirement present specific challenges for older workers. We employed a time-to-retirement approach to investigate (i) mean levels of change in job satisfaction in the decade before retirement, and (ii) social inequalities and interindividual differences in change in pre-retirement job satisfaction. Data were drawn from the German Socioeconomic Panel Study (n = 2595). Latent growth curve modeling revealed that job satisfaction declined slightly as people approached retirement, with steeper declines in the very last years before retirement. However, the mean-level decline was very small. Education, age, health, region, marital status, and historical time, but not gender or caregiving mattered for level and change in job satisfaction before retirement. The findings demonstrate the importance of taking a time-to-retirement approach when examining experiences of older workers.

Keywords: Retirement; Job satisfaction; Latent growth curve modeling; Time-to-retirement approach (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s10433-024-00830-0

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