Abstract
BACKGROUND: Psychological time, a subjective reflection of the objective passage of time, has age specific characteristics and can be considered a resource for adaptation to difficult life situations (Pultz, & Hviid, 2016). We assume that the components of psychological time are also a resource for adaptation to retirement, smoothing out undesirable social and biological changes in retirees' lives. OBJECTIVE: This study explores this hypothesis by identifying the contribution of the cognitive component of psychological time - temporal focus and subjective age - to the effectiveness of late socialization. DESIGN: The developed theoretical model was verified by the SEM method on the sample of retirees from Chelyabinsk, Russia (N = 291). To collect the empirical data we used the Temporal Focus Scale (Shipp et al., 2009), the Age of Me (Barak, 2009), the Life Satisfaction Scale (Diener & Lucas, 1999), the Income Satisfaction Scale (Deyneka, 2000), and questionnaire variables. RESULTS: Temporal focus and subjective age mediated the influence of biological and social variables on the retirees' subjective well-being. A younger subjective age smoothed the contribution of educational level, working status, and disability, whilst the current and future focuses mediated the association between religiosity and various parameters of satisfaction. CONCLUSION: The results of the study broaden the understanding of psychological time in the late socialization process. A pronounced focus on the present, along with younger subjective age, can be seen as psychological resources, allowing for better adaptation to the social status of a retiree; that is, increasing the effectiveness of late socialization.