Structural Equation Models on the Satisfaction andMotivation for Retirement of SpanishUniversity Professors

Abstract

Research on the motives behind a university professor’s decision to retire is scarce. In thepresent work, we have tried to define and delimit the aspects of the university professor ’s satisfactionthat have an influence on their motivation to retire. Nine hundred and one Spanish universityprofessors answered the Inventory “Questionnaire for Active, Retired and Emeritus UniversityProfessors.” In the analysis, three structural equations were estimated. The overall sample, as wellas the professional status subsamples—active or not active—were taken into account. Significantdifferences were found according to the work status. Three dimensions explained the satisfaction:economic, professional, and relational. The satisfaction of the professors in each of them had aninfluence on their decision to retire. Work conditions created by the European Higher EducationArea (EHEA) and work conditions due to the educational and/or university laws determined theeconomic satisfaction to a greater degree. The possibilities of being part of professional networks orteams, and of publishing and disseminating knowledge, have a considerable impact on professionalsatisfaction. Relational satisfaction was notable for predicting the motivation to retire. Relationshipswith colleagues had an effect on the relational satisfaction. Policies for improving the satisfaction ofthe university professors could help delay the exit of talented professors, who are part of the humancapital of the universities.