Effect of retirement on life satisfaction in Canada: Evidence from the 2008–2009 Canadian Community Health Survey–Healthy Aging

Abstract

This research fills an important gap in understanding the impact of retirement on life satisfaction in Canada, challenging previous assumptions and providing new insights. This study uses data from the 2008-2009 Canadian Community Health Survey – Healthy Aging to demonstrate that retirement significantly enhances life satisfaction. This study provides evidence within the Canadian context that contrasts with the mixed results from other countries. The robust methodology, addressing self-selection and unobserved individual differences, ensures reliable findings.