Education as a correlate of life satisfaction among formal sector retirees in Lagos State, Nigeria

Bola Amaike

Abstract


The effect of education on life satisfaction among formal sector retirees in Lagos State was assessed to determine its impact on life adjustment in retirement. The study also examined the effects of education on self-rated health and well-being of formal sector retirees. Life course perspective, dependency theory, Modernization theory of ageing and wealth flow theory were adopted for the theoretical framework. Using a multi-staged systematic sampling method, retirees from the public sector and organized private sector were covered through questionnaire and structured interviews. Questionnaires were administered on 1321 retirees while 20 in-depth interviews were conducted for executive members of pensioners’ unions and pension managers. Older retirees with at least secondary education had better living conditions and reported higher life satisfaction than their counterparts with lower educational qualifications. The paper concludes with a policy implication, stressing the importance of income security and life skills to retirement planning and life satisfaction in retirement.

 


Keywords


Retirement; Quality of life; Education; Retirees; Ageing

Full Text:

PDF


DOI: https://doi.org/10.11564/27-2-487

Refbacks

  • There are currently no refbacks.





This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License

ISSN 2308-7854 (online); ISSN 0850-5780 (print)

Powered by OJS and hosted by Stellenbosch University Library and Information Service since 2013.


Disclaimer:

This journal is hosted by the SU LIS on request of the journal owner/editor. The SU LIS takes no responsibility for the content published within this journal, and disclaim all liability arising out of the use of or inability to use the information contained herein. We assume no responsibility, and shall not be liable for any breaches of agreement with other publishers/hosts.

SUNJournals Help