Impact of Social Support Mechanism As A Catalyst Towards Generating Re-Employment Opportunities After Retirement Leading to Life Satisfaction

Abstract

In the 21st century, all societies are facing the issue of an aging population and it is one of the most significant phenomena in the world. In Recent times, because of better medical facilities and increased life expectancy, people are living longer and enjoying better living conditions. The aim of this paper is to explore the relationship between Social Support, Intention to Work after retirement and Life Satisfaction. The questionnaire survey method was employed for collecting the data from the respondents. Research sample included 318 retired persons. The data were analyzed by using Structural Equation Modelling through AMOS. Family support, friends support and special person support were used as independent variables; intend to work after retirement and life satisfaction were used as dependent variables in the model. Finally, the result of this study shows that perceived social support leads people's intention to do the work after retirement. In India, Life Satisfaction of retirees depends on the support from family and friends. On the basis of analysis findings and recommendations were made. This study exhibited originality in establishing the relationship between social support and life satisfaction mediating by the intention to work after retirement in the context of India.