Does Denomination Influence Pastors’ Readiness for Retirement? Evidence From Southern California Pastors

This study explores retirement issues among pastors. Recent studies indicate that many pastors work past retirement age due to financial unpreparedness. We examine whether retirement preparedness and job satisfaction vary by denomination. We focus on three key retirement concerns: retirement comfort, overall job satisfaction, and financial satisfaction. Using survey data from Southern California pastors, we find that Methodist pastors are more prepared for retirement compared to others, while Presbyterian pastors are less content with their roles than other denominations. However, denomination does not significantly affect the financial satisfaction of pastors.

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Publication Details

Journal
Journal of Accounting and Finance
Published
2024-09-15
DOI
https://doi.org/10.33423/jaf.v24i4.7233
Primary Topic
Religion, Spirituality, and Psychology
Type
article
Field-Weighted Citation Impact
0.00
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article

Does Denomination Influence Pastors’ Readiness for Retirement? Evidence From Southern California Pastors

Daniel Park, Seongcheol Paeng
Journal of Accounting and Finance
Religion, Spirituality, and Psychology
article

Does Denomination Influence Pastors’ Readiness for Retirement? Evidence From Southern California Pastors

Daniel Park, Seongcheol Paeng
article en

Abstract

This study explores retirement issues among pastors. Recent studies indicate that many pastors work past retirement age due to financial unpreparedness. We examine whether retirement preparedness and job satisfaction vary by denomination. We focus on three key retirement concerns: retirement comfort, overall job satisfaction, and financial satisfaction. Using survey data from Southern California pastors, we find that Methodist pastors are more prepared for retirement compared to others, while Presbyterian pastors are less content with their roles than other denominations. However, denomination does not significantly affect the financial satisfaction of pastors.

Journal of Accounting and FinanceVol. 24(4)
Shawnee State University (US), Azusa Pacific University (US)
Openalex Percentile: Top 79%
Religion, Spirituality, and Psychology
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Does Denomination Influence Pastors’ Readiness for Retirement? Evidence From Southern California Pastors — Daniel Park, Seongcheol Paeng · Journal of Accounting and Finance (2024) | TGRS Research Map | TGRS