For nearly all of the 20th century, employment of older workers decreased as increasing numbers retired. But since the mid-1990s, this trend has reversed. Employment among men at least 65 years of age, for example, has increased.
The Great Recession of recent years has masked this long-term trend and the reasons for it and has also led to some erroneous conclusions about it. Often older workers are seen as being in the way of younger workers who need them to step aside to free up jobs. Yet, there is hardly any evidence to back up such an argument.
It is also generally not the case that older workers return to the workforce because they must. Indeed, “unretirement” is highest among more educated workers, who tend to be more affluent as well.
Workers who unretire do so for a variety of reasons.
Choosen excerpts by Job Market Monitor from
For the very first time in history, the number of workers over age 55 will surpass the number of workers ages 25 to 34. Since 1990, the number of older workers has been increasing steadily, while the number of younger workers in that specific age cohort has been steadily declining. It’s just a matter of … Continue reading »
Employers attitudes to older workers are changing along with their desire to remain in the workforce
When the Treasury published its first Intergenerational Report (IGR) in May 2002, it alerted governments to the looming problem of an ageing population. A smaller proportion of the population would be working to support a growing proportion in retirement and relying on government services, notably health care, and income support. It was a fiscal disaster … Continue reading »
The death of teen Amanda Todd has shone a spotlight on bullying of the young, but experts say the bullying phenomenon spans cradle to casket, with older workers in particular being “at considerable risk” of victimization. Research by the Workplace Bullying Institute finds nearly one-third of people between the ages of 50 and 64 have … Continue reading »
“After reaching record highs month after month, the typical length of time a jobless worker in the United States has been unemployed finally fell in April’ 2011, to “only” 38.3 weeks. But the outlook is looking bleaker for the nation’s older workers.” wrote Catherine Rampell in Older Workers Without Jobs Face Longest Time Out of … Continue reading »
Despite conventional wisdom that older workers who are delaying retirement are squeezing younger employees out of a jobs, a new study found no support for that thinking – and even some evidence that the older workers maybe helping the next generation. “Our estimates show no evidence that increasing employment of older persons reduces the job … Continue reading »
Americans age 55 and older are struggling to rebound from a dramatic spike in unemployment since December 2007.Seniors have experienced consistently longer periods of unemployment than younger workers, as employers seek cheaper labor and look to skirt potentially higher health care costs, according to a study by the Government Accountability Office released earlier this year. … Continue reading »
Nearly three-quarters of Canadians believe workplaces are shunning older job applicants based solely on their age, a worrisome finding given labour force trends in Canada.In a survey conducted by Ipsos Reid exclusively for Postmedia News, 74 per cent of those asked either “strongly” or “somewhat” agreed that employers discriminate against older people looking for jobs. … Continue reading »