The Center for Retirement Research at Boston College has released a new Issue in Brief:
“How Job Options Narrow for Older Workers by Socioeconomic Status”
by Matthew S. Rutledge, Steven A. Sass, and Jorge D. Ramos-Mercado
The brief’s key findings are:
- Job-changers over age 50 increasingly end up in “old-person” jobs, with a high share of older hires relative to prime-age hires.
- These basic findings hold by gender and by education.
- However, the overall outlook has improved since the late 1990s for all groups, particularly for older women with more education.
- Also, older job-changers hired into “old-person” jobs are paid no less than other jobs.