Research Report Older Workers on the Move: Recareering in Later Life
Richard W. Johnson, Janette Kawachi, Eric Lewis
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Career change is common at older ages. This report shows that 27 percent of workers employed full time at age 51 to 55 change occupations by age 65 to 69. More than one-third of older job leavers separate because of job layoffs or health problems, including nearly half of those who did not complete high school. Workers who change careers typically move into jobs that pay less than their previous jobs and are less likely to offer pension and health benefits. However, new careers tend to offer more flexible employment arrangements, less stressful working conditions, and fewer managerial responsibilities.
Research Areas Education Wealth and financial well-being Aging and retirement Workforce
Tags Workforce development Economic well-being Older workers Employment and income data Pensions Wages and nonwage compensation Retirement policy