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Rethinking retirement-age policy in the United States and Canada
The Personnel Journal
|October 9, 1979
Summary
Recent amendments highlight growing interest in older workers and their job skills. This study examines demographic, economic, and biomedical factors affecting the aging workforce and retirement age impacts.
Area of Science:
- Sociology
- Economics
- Gerontology
Background:
- Recent legislative changes, such as amendments to the Age Discrimination in Employment Act, signal increased attention to the older workforce.
- Concerns exist regarding the "failing" job skills of older workers and the economic consequences of retirement age.
Purpose of the Study:
- To examine the demographic, economic, and biomedical factors influencing the older working population.
- To discuss the implications of these factors for various stakeholders, including management, counselors, and financial planners.
Main Methods:
- Sociological examination of demographic trends.
- Economic analysis of workforce participation and retirement.
- Biomedical considerations of aging and work capacity.
Main Results:
- Legislation reflects a broader societal interest in the capabilities and economic contributions of older individuals.
- The study considers the multifaceted nature of aging in the workforce, beyond just skill obsolescence.
Conclusions:
- Understanding the interplay of demographic, economic, and biomedical factors is crucial for effective workforce management.
- Implications extend to policy-making, employee support, and financial planning for an aging population.
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