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Does Retirement Make People Happier?-Evidence From China

To investigate whether people's happiness will increase after retirement, this paper empirically investigates 2012, 2015, and 2017 China General Social Survey (CGSS) data using Ordinary Least Squares, Binary logit, and Fuzzy regression discontinuity Design. The results all show that retirement...

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Detalles Bibliográficos
Autores principales: Zhang, Anqi, Zhang, Yi, Tao, Yiwen
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Frontiers Media S.A. 2022
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9247314/
https://www.ncbi.nlm.nih.gov/pubmed/35784195
http://dx.doi.org/10.3389/fpubh.2022.874500
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author Zhang, Anqi
Zhang, Yi
Tao, Yiwen
author_facet Zhang, Anqi
Zhang, Yi
Tao, Yiwen
author_sort Zhang, Anqi
collection PubMed
description To investigate whether people's happiness will increase after retirement, this paper empirically investigates 2012, 2015, and 2017 China General Social Survey (CGSS) data using Ordinary Least Squares, Binary logit, and Fuzzy regression discontinuity Design. The results all show that retirement will significantly increase the happiness of men in urban China. The paper also validates these findings by testing the continuity of the reference and covariates at the cut–off point, changing the model settings, and using a more rigorous sample classification method. In addition, the article further analyzes the heterogeneity of the study and finds that retirement brings more happiness to those who have a college degree or less and have multiple children. The better the health status, the smaller the effect of retirement on happiness. The more social interactions, the smaller the effect of retirement on happiness. The policy implication of this paper is that when implementing a delayed retirement policy, special care should be taken for groups with greater welfare impairment, and it needs to be introduced together with other supporting measures to reduce people's worries. This paper analyzes the relationship between retirement and happiness in China and makes suggestions for the implementation of a delayed retirement policy, enriching the theoretical and empirical work on the effects of retirement on people's happiness and contributing to the world's response to aging and welfare policies for the older person.
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spelling pubmed-92473142022-07-02 Does Retirement Make People Happier?-Evidence From China Zhang, Anqi Zhang, Yi Tao, Yiwen Front Public Health Public Health To investigate whether people's happiness will increase after retirement, this paper empirically investigates 2012, 2015, and 2017 China General Social Survey (CGSS) data using Ordinary Least Squares, Binary logit, and Fuzzy regression discontinuity Design. The results all show that retirement will significantly increase the happiness of men in urban China. The paper also validates these findings by testing the continuity of the reference and covariates at the cut–off point, changing the model settings, and using a more rigorous sample classification method. In addition, the article further analyzes the heterogeneity of the study and finds that retirement brings more happiness to those who have a college degree or less and have multiple children. The better the health status, the smaller the effect of retirement on happiness. The more social interactions, the smaller the effect of retirement on happiness. The policy implication of this paper is that when implementing a delayed retirement policy, special care should be taken for groups with greater welfare impairment, and it needs to be introduced together with other supporting measures to reduce people's worries. This paper analyzes the relationship between retirement and happiness in China and makes suggestions for the implementation of a delayed retirement policy, enriching the theoretical and empirical work on the effects of retirement on people's happiness and contributing to the world's response to aging and welfare policies for the older person. Frontiers Media S.A. 2022-06-17 /pmc/articles/PMC9247314/ /pubmed/35784195 http://dx.doi.org/10.3389/fpubh.2022.874500 Text en Copyright © 2022 Zhang, Zhang and Tao. https://creativecommons.org/licenses/by/4.0/This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) and the copyright owner(s) are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
spellingShingle Public Health
Zhang, Anqi
Zhang, Yi
Tao, Yiwen
Does Retirement Make People Happier?-Evidence From China
title Does Retirement Make People Happier?-Evidence From China
title_full Does Retirement Make People Happier?-Evidence From China
title_fullStr Does Retirement Make People Happier?-Evidence From China
title_full_unstemmed Does Retirement Make People Happier?-Evidence From China
title_short Does Retirement Make People Happier?-Evidence From China
title_sort does retirement make people happier?-evidence from china
topic Public Health
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9247314/
https://www.ncbi.nlm.nih.gov/pubmed/35784195
http://dx.doi.org/10.3389/fpubh.2022.874500
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