Boodoo, Muhammad Umar, Gomez, Rafael and Gunderson, Morley (2014) Relative income, absolute income and the life satisfaction of older adults : do retirees differ from the non-retired? Industrial Relations Journal, 45 (4). pp. 281-299. doi:10.1111/irj.12052 ISSN 0019-8692.

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Abstract

We examine life-satisfaction of older adults using a representative sample of Canadian individuals aged 45+. Our findings confirm a long line of employment relations research on the importance of ‘relational concerns’ in that: (i) income relative to the average for a given person's gender, age, region and marital status (relative income) matters more in improving life satisfaction as a whole than does absolute personal income; (ii) the relationship between relative income and happiness is much stronger for the non-retired than retired persons, likely reflecting the importance of comparisons among peers at the workplace; and (3) absolute personal income does have a small positive relationship with life satisfaction but only for retirees and not for the non-retired.

Item Type:	Journal Article
Divisions:	Faculty of Social Sciences > Warwick Business School
Journal or Publication Title:	Industrial Relations Journal
Publisher:	Wiley-Blackwell Publishing Ltd.
ISSN:	0019-8692
Official Date:	July 2014
Dates:	Date Event July 2014 Published 20 May 2014 Available
Volume:	45
Number:	4
Page Range:	pp. 281-299
DOI:	10.1111/irj.12052
Status:	Peer Reviewed
Publication Status:	Published
Access rights to Published version:	Restricted or Subscription Access

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