Lecture 15 - Business and the Elderly

Lecture 15 - Business and the Elderly - Business and the...

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Business and the Elderly Lecture 15
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Life Course of Employment Part-time student employment Young adult – variety of full-time jobs Early 30s – identified general area of interest After 45-50 – experience period of occupational plateau or stability When pension eligibility reaches point that amount of retirement income is sufficient to support household, most retire.
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Labor Force Participation by Age and Sex 2000 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 16- 19 20- 24 25- 34 35- 44 45- 54 55- 64 65+ Men Women
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Labor Force Participation by Age & Sex 1950-2008 Men 55-64 Men 65+ Women 55-64 Women 65+ 1950 86.9 45.8 27.0 9.7 1960 86.8 33.1 37.2 10.8 1970 83.0 26.8 43.0 9.7 1980 72.1 19.0 41.3 8.1 1990 67.8 16.3 45.2 8.6 2000 67.3 17.5 51.8 9.4 2008 69.4 17.8 57.7 9.1
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Elders in the Workplace Beginning at age 45, proportion of men & women in workforce begins to decline For men over 55 labor force participation declined steadily from 1950 to 1985 after 1985, stabilized and slightly on rise For women 55-64 workforce participation increased from 27% in 1950 to 58% in 2009
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This note was uploaded on 10/21/2011 for the course PUBLIC HEA 243 taught by Professor Smith during the Spring '11 term at Rutgers.

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Lecture 15 - Business and the Elderly - Business and the...

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