Retiring Women: Work and Post-work Transitions | The Gendered Impact of the COVID-19 Recession on the US Labor Market | The effect of employment on the subjective well-being of 60–80 years old people
Retiring Women: Work and Post-work Transitions
Taylor, P. Earl, C., Brooke, E. and McLoughlin, C. (2021) Retiring Women: Work and Post-work Transitions. Ageing, Work and Welfare series
With current policy concerns about shortfalls of labour supply and effects on the social welfare system due to population ageing, there is a need to understand the factors that shape women’s choices about if, when and how to retire. Recent trends indicating the increased workforce participation of women demand new policy responses to the end of careers and retirement transitions to sustain acceptable levels of participation and productivity. This book is innovative in that it will examine constellations of factors that disadvantage or advantage women’s career and retirement trajectories against a backdrop of public policy efforts to extend working lives.
The Gendered Impact of the COVID-19 Recession on the US Labor Market
Stefania Albanesi & Jiyeon Kim, National Bureau of Economic Research Working Paper 28505, February 2021
The economic crisis associated with the emergence of the novel corona virus is unlike standard recessions. Demand for workers in high contact and inflexible service occupations has declined, while parental supply of labor has been reduced by lack of access to reliable child care and in-person schooling options. This has led to a substantial and persistent drop in employment and labor force participation for women, who are typically less affected by recessions than men. We examine real time data on employment, unemployment, labor force participation and gross job flows to document the gendered impact of the pandemic. We also discuss the potential long-term implications of this crisis, including the role of automation in depressing the recovery of employment for the worst hit service occupations.
The effect of employment on the subjective well-being of 60–80 years old people
Hila Axelrad, Arie Sherman and Israel Luski (2020) The effect of employment on the subjective well-being of 60–80 years old people. International Journal of Social Economics 47(12): 1481-1497.
The current study investigates the association of employment at older age (60–80 years ) with the cognitive component of subjective well-being (SWB): life satisfaction.
Out of the Survey of Health, Ageing and Retirement in Europe (SHARE), the present study’s sample included 58,197 observations of participants aged 60–80 years from 18 countries. The authors estimate the direct effects of employment and number of working hours on life satisfaction while considering the characteristics of the job and their impact.
Results reveal that individuals who do not work enjoy a higher level of life satisfaction and so do those who work in developing jobs. Work under pressure reduces the level of SWB and working in physically demanding jobs has no significant impact on SWB. The results confirm previous findings regarding the positive contribution of self-employment to individuals’ SWB.
The results allow policy makers to implement policy measures that can improve older workers’ SWB.