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Although the retirement decision occurs late in life, it can significantly affect an individual's well-being for many years.
The majority of research about the retirement decision has explored the impact of health (for example, Not surprisingly, research has indicated that individuals in poor health, or whose loved ones are suffering from negative health conditions, retire earlier than those in better health (Mc Garry 2002).
The question usually addressed in any subfield of philosophy (the philosophy of X) is "what is X?
Lewis read the review, began to take an interest in the whole topic of human rationality, and, improbably, decided to write a book about Kahneman and Tversky.While financial and health concerns are a major part of the retirement decision, there are other issues that may affect the decision to retire that are unrelated to an individual's financial and health status.Judgment and decision-making and behavioral-economics research suggests that there may be a number of behavioral factors influencing the retirement decision.Economic theories of rationality, welfare, and social choice defend substantive philosophical theses often informed by relevant philosophical literature and of evident interest to those interested in action theory, philosophical psychology, and social and political philosophy.Economics is of particular interest to those interested in epistemology and philosophy of science both because of its detailed peculiarities and because it possesses many of the overt features of the natural sciences, while its object consists of social phenomena.