descriptionPublicationkeyboard_double_arrow_right Article 25 Nov 2021 English Publisher:WileyJournal:LABOUR, volume 36, pages 1-28 (issn: 1121-7081, eissn: 1467-9914,

Authors: Lucifora C.; Repetto M.;

doi: 10.1111/labr.12210

handle: 10807/192912

Big five personality traits and retirement decisions

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Abstract

AbstractWe estimate the effect of the Big Five personality traits on the retirement decisions of individuals aged between 50 and 80 years in fourteen European countries, using wave 7 from the SHARE data. We investigate the probability of retirement and a measure of the distance between actual retirement and ordinary retirement age. Overall, we find that personality affects retirement decisions, and the effects are similar across gender. Openness to experience, conscientiousness and extraversion are generally associated with a delay in retirement decisions, whereas neuroticism anticipates the exit from the labour market.

Related Organizations

Catholic University of the Sacred Heart
Italy
University of Melbourne
Australia

Keywords

big five, retirement, personality traits, elderly

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