This study intends to examine attitudes of middle-aged males to their retirement, demographical variables that affect them, and any difference in correlation with their attitudes toward the careers. Out of 500 survey sheets distributed from Dec. 1st t...
This study intends to examine attitudes of middle-aged males to their retirement, demographical variables that affect them, and any difference in correlation with their attitudes toward the careers. Out of 500 survey sheets distributed from Dec. 1st to Dec. 30th, 452 sheets were collected and finally 372 sheets were used as data for the analysis of the 372 employed males of at least 30 years old in Chungnam and Gyeonggi areas.
First, 61.8% of the respondents were between 56~60 years old, and 53.7% of the expected age for retirement ranged between 56 and 60. The age limit was the most prevalent answer for the reason for retirement, taking up 49.5% of the responses, and 24.5% of the respondents chose voluntary retirements, indicating more than half of the respondents felt uncertain over the secureness of their occupation due to the early retirement.
An analysis of general attitudes toward the life after retirement indicates that the respondents had neutral attitudes of expecting to have about the same level of life after retirement. An analysis of more detailed attitudes toward the retirement shows that the respondents have relatively positive attitudes rather than neutral attitudes.
An analysis of the effect of individual and family characteristics on the attitudes toward retirement reveals that there are differences in attitudes for different income levels and careers of the respondents. A group with a higher income had more negative attitudes toward retirement than a group with a lower income. While fifth grade or higher public servants had more optimist views, respondents with relatively more unstable careers such as engineers, researchers, workers in manufacturing industry, and business/service employees had less optimistic attitudes toward the retirement.
Secondly, there were differences in the attitude for different ages, educational backgrounds, and the number of children. Respondents with, in the order of higher satisfaction, associate degrees, high school diploma, middle school diploma, bachelor's degree, and master's or doctorate degree showed higher satisfaction, making respondents with lower educational background have higher satisfaction. Respondents with at least one child showed higher satisfaction than those without a child. Among the respondents with at least one child, those with four children had the highest satisfaction of their career.
Different types of occupations and different detailed types showed significant differences in secureness of the career. Public servants had much higher secureness of the career than employees in private enterprises, and fifth grade or higher public servants had higher secureness than employees in other classes of career.
Thirdly, stress from the work, age, educational backgrounds, and the number of children resulted in differences in the satisfaction. Respondents in their fifties felt higher stress from the work than those in thirties and forties because there is an increased responsibility for supporting their family and aged parents.
Only age and the number children had effects on the orientation towards careers. Respondents in fifties were more oriented toward their careers than those in thirties and forties, respondents in higher ages had higher desire to keep their careers due to the absence of secureness of the careers as early retirement. On the other hand, respondents with a greater number of children showed higher orientation toward their careers.
Fourthly, an analysis of the correlation between the attitudes of middle-aged, employed males towards their careers and their attitudes toward the retirement indicates that respondents with more positive attitudes towards their career had more positive attitudes toward the retirement. Higher secureness of the career also corresponded with more positive attitudes toward the retirement.
A thesis submitted to Committee of the Graduate School of Information and Industry in partial fulfillment of the requirements for the degree of Master in February, 2006