Leaving work and wellbeing: beyond an average effect
AuthorsDusanee Kesavayuth, Vasileios Zikos and Robert E. Rosenman
We examine whether differences in pathways and personality traits can account for differences in how well people cope with leaving work. We conduct our study with data from the British Household Panel Survey, analysing the individuals who are 50-70 years old at the time of interviews. This research aims to identify the causal effects of the different pathways of leaving work on wellbeing, using fixed-effect panel-data methods. The results show that the pathways of leaving work lead to different outcomes of individual’s overall life satisfaction, income satisfaction and leisure satisfaction. In addition, the paper reveals the roles of the Big 5 personality traits using interactions between each personality traits and the pathways. Our findings suggest that agreeableness; extraversion and conscientiousness may significantly augment or mitigate the effect of the pathways of leaving work on individual’s wellbeing.