Hillier___Barrow_Chapter_8 - Hillier Barrow Chapter 8 Work...

Info iconThis preview shows pages 1–6. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 8 Work and Leisure
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Concept of Retirement Definition of retirement has changed over last 50 years Previous definitions involved end of work life and withdrawal from formal labor market Now the focus is on voluntary vs. involuntary cessation of employment, and as a stage of life with social norms
Background image of page 2
Concept of Retirement, cont. Individual definitions vary from being free to pursue interests and leisure activities, to a time without a meaningful social role or financial security Meaning of retirement has cohort effects, with 65% of Baby Boomers planning to continue working well past age 65, second careers and social responsibility Social policies on labor force need to reflect changing patterns in 21 st century
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Labor Market Statistics In 1900, 70% of older men were employed By 1963, the figure was 20.8%, and in 2001, 12.2% For older women, in both 1963 and 2001, 5.9% were employed, but more women in 2001 had been employed outside of the home For most seniors, retirement is an expected life event, for which they plan
Background image of page 4
History of Retirement in U.S.
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 6
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 05/29/2010 for the course ACC 201 taught by Professor Mr.ishbo during the Spring '10 term at Abraham Baldwin Agricultural College.

Page1 / 13

Hillier___Barrow_Chapter_8 - Hillier Barrow Chapter 8 Work...

This preview shows document pages 1 - 6. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online