Brief Job Changes at Older Ages
Effects on Wages, Benefits, and Other Job Attributes
Richard W. Johnson, Janette Kawachi
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Despite the benefits of work at older ages, questions persist about the availability and quality of jobs for older Americans. This study examines older adults' employment opportunities by studying job changes at ages 45 to 75. Many older workers move to new occupations and industries when they switch jobs, often assuming positions that involve less stress and physical effort. Although most older job changers enjoy their new jobs, they generally experience sharp hourly wage reductions and often lose pension coverage and health benefits. The findings highlight the special labor market challenges faced by older displaced workers.
Research Areas Education Wealth and financial well-being Aging and retirement Workforce
Tags Workforce development Economic well-being Pensions Wages and nonwage compensation Retirement policy
Policy Centers Income and Benefits Policy Center