The Economic Impact of Age Discrimination: How Discriminating Against Older Workers Could Cost the U.S. Economy $850 Billion

2020 ◽  
Author(s):  
2005 ◽  
Vol 61 (3) ◽  
pp. 211-241 ◽  
Author(s):  
Anne E. Noonan

Despite the frequently referenced graying of the U.S. workforce, we know relatively little about the work-related concerns and experiences of older workers—those aged 55+. This qualitative study addresses that gap by examining the current employment situations of a purposive sample of 37 older workers. Thematic content analysis revealed a vast diversity in the concerns and experiences of contemporary older workers, with participants being actively involved in all of the traditional stages of work-life development. Findings suggest a deepened or more nuanced view of the principal meanings of work—in particular, identity and social interaction—and highlight several negative aspects of later-life employment such as pension insecurity, unemployment, age discrimination, not having found one's “niche,” and chronic interpersonal difficulties with co-workers. Findings are discussed against the backdrop of a rapidly changing workplace and dramatically shifting work-retirement trajectories in which job stability and predictable retirement are less common.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Hila Axelrad ◽  
Alexandra Kalev ◽  
Noah Lewin-Epstein

PurposeHigher pensionable age in many countries that are part of Organization for Economic Co-operation and Development (OECD) and a shrinking pension income force older people to postpone their retirement. Yet, age-based discrimination in employers' decisions is a significant barrier to their employment. Hence, this paper aims to explore employers' attitudes regarding the employment of workers aged 60–70, striving for a better understanding of age discrimination.Design/methodology/approachThe authors used a thematic analysis of semi-structured interviews with 30 managers, experts and employees in retirement age in Israel.FindingsFindings reveal a spectrum of employers' attitudes toward the employment of older workers. The authors' analytical contribution is a conceptual typology based on employers' perceived ability to employ older workers and their stated attitudes toward the employment of older workers.Social implicationsThe insights that emerge from this research are fundamental for organizational actors' ability to expand the productive, unbiased employment of older workers.Originality/valueBy understanding employers' preferences and perspectives and the implications on employers' ability and/or willingness to employ older workers, this research will help policymakers formulate and implement policy innovations that address these biases.


Author(s):  
Arjun Gupta ◽  
Alexandra Meeter ◽  
Aakash Shah ◽  
Rachel Kaye ◽  
Boris Paskhover

2016 ◽  
Vol 15 (4) ◽  
pp. 691-694
Author(s):  
Michael McGann ◽  
Dina Bowman ◽  
Simon Biggs ◽  
Helen Kimberley

Issues related to population ageing and longer working lives span diverse research areas and are linked to a number of conceptual and policy debates. Here we provide details of texts which allow quick access to key debates in the different domains covered by the contributions. We focus first on social policy, retirement and pensions. We then provide key sources on the changing experiences and perceptions of retirement; age-discrimination, human resource management and older workers; and early exit, mature-age unemployment and activating older workers.


1973 ◽  
Vol 72 (6) ◽  
pp. 7-10
Author(s):  
Andrew F. Burghardt
Keyword(s):  

Author(s):  
Alan N. Rechtschaffen

This chapter discusses the origins of the 2007 financial crisis, subprime lending, and government-sponsored entities. It argues that the events driving financial markets to the precipice of collapse during the global financial meltdown gave rise to a regulatory framework that may have been a rational response to a market in free fall, but need to be reassessed in an era of recovery. In 2018, the U.S. economy may be, by many measures, viewed as wholly recovered from the economic impact of the crisis. The stock market is trading at record highs, having erased all the losses of the crisis period and then some. With this recovery, the Trump administration seeks to restrain the regulatory burden imposed during the crisis.


Author(s):  
Doo Hun Lim ◽  
Sunyoung Park ◽  
Cho Hyun Park ◽  
Chang Sung Jang

As the aging population is rapidly increasing worldwide, keeping older workers to address the skilled labor shortage has been an important economic issue. This study pursues the current status of the older workforce in the U.S., identifies organizational support systems for mature workers, and proposes neuroscientific approaches and methods to maintain and develop effective mature workers through an integrative review of recent research findings in neuroscience and brain-based learning and development.


2000 ◽  
Vol 4 (2) ◽  
pp. 117-134 ◽  
Author(s):  
Jane E. Boon ◽  
Jacqueline A. Isaacs ◽  
Surendra M. Gupta
Keyword(s):  

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