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Using growth mixture modeling which tracks unobserved heterogeneity in population, the current study explored the change patterns of retirees’ psychological health and investigated factors influencing each developmental trajectory. Specifically, based on role theory, continuity theory, and resources theory, it was hypothesized that retirees would display three different types of psychological patterns: the maintaining, enhancing, and declining pattern. In order to test the above expectation, I adapted panel data of the Korean Retirement and Income Study including a total of 436 retirees who participated in survey every other year since 2005 to 2011. Results revealed that there are two distinct change patterns of retirees’ psychological health: the enhancing pattern and the declining pattern. Following was logistic regression analysis which investigated factors influencing each pattern. As a result, it was found that those with higher education and pre-retire satisfaction on health and economic status were more likely to display the enhancing pattern. On the other hand, those who retired late and retired due to health problems were more likely to display the declining pattern.
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