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ERIC Number: ED242942
Record Type: RIE
Publication Date: 1983
Pages: 37
Abstractor: N/A
Reference Count: 0
Older Workers in the Market for Part-Time Employment. Research Report Series, RR-83-06.
Jondrow, James M.; And Others
Evidence from a number of data sets indicates that, despite statements by older workers that they have a strong interest in part-time work, in most cases retirement is sudden. Workers approaching retirement age are not spread evenly across industries. Construction, transportation, and finance/insurance/real estate have a higher-than-average proportion. Trade and government retain the highest proportion of older workers; agriculture and trade accept older workers most readily from other industries. The preferred explanation of why part-time employment for older workers is not the norm is that part-time work is less productive and more costly to employers, per hour. Lower compensation for part-time work is less appealing to workers than full retirement. This explanation for sudden retirement is supported by six types of evidence: the employment costs themselves, the lower pay for part-time workers, the scarcity of part-time jobs for workers, layoffs in response to declining demand, the concentration of part-time work among married women and students, and the concentration of part-time work in low-wage industries. An analysis of three potential changes in Federal policies suggests that they would not affect the retirement decision of a typical worker. (YLB)
Publication Type: Reports - Research
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: National Commission for Employment Policy (DOL), Washington, DC.