Continuity in Well-Being in the Transition to Retirement

We review recent longitudinal studies on change and continuity in well-being during the retirement transition. Our conclusion is that most retirees maintain their level of well-being over retirement. Some studies, however, provide evidence for a substantial heterogeneity and dynamic effects. A smaller subgroup experiences losses in resources and challenges which compromise their well-being. Various adaptive actions seem to help to cope with losses, but we still lack more detailed information about the role and effects of these coping strategies. Future longitudinal studies need to address the role of and interplay among these adaptive behaviors over the retirement transition to improve our understanding of continuity and change in postretirement well-being.