Some research suggests the existence of differences in characteristics between older adults who are continuing to earn money through employment and those who have retired from gainful employment. Data on a national random sample of men and women (N=1000) between 68 and 73 years of age were examined to contrast the characteristics of employed and unemployed older adults. Subjects were interviewed about their education, marital history, employment history, and quality of life. Comparisons were made between the employed and retired groups in terms of 15 quality of life factors. Major differences were found between employed and unemployed older adults on such factors as education, type of work, present health, and marital status. The data indicate that overall quality of life for 70-year-old workers is similar to that of 70-year-old adults who are not working. (Author/RC)