Navigation Links
New Research from EBRI: Older Workers Trending Toward More Part-Time Work
Date:3/16/2010

WASHINGTON, March 16 /PRNewswire-USNewswire/ -- Reflecting the changing economic landscape, more older workers are staying in the work force, but increasingly in part-time rather than full-time jobs, according to new research released today by the nonpartisan Employee Benefit Research Institute (EBRI).

Using the latest U.S. Census Bureau data (for 2008), the EBRI analysis shows that an increasing percentage of older Americans are in the labor force: The percentage of those ages 55 or older in the labor force increased from 29.4 percent in 1993 to 39.4 percent in 2008, an increase of 10 percentage points. For those ages 65-69, the percentage increased from 18.4 percent in 1985 to 30.7 percent in 2006, up more than 19 percentage points.

However, while older workers working full time, full year increased steadily from 1993-2007, that trend ended with the recession year of 2008.  While members of the older population were more likely to work in 2008, they were less likely to be working full time, full year in 2008 after consistent increases through 2007.  The full report is in the March 2010 EBRI Notes, online at www.ebri.org

"These trends mark a significant change in behavior for individuals in these age groups," said Craig Copeland, EBRI senior research associate and author of the study, "and are likely driven by their need to obtain affordable employment-based health insurance (as opposed to unaffordable or unavailable coverage in the individual market for those not Medicare eligible) and the need to continue to accumulate savings in employment-based defined contribution retirement plans (principally 401(k)-type plans)."

The article notes that workers who have access to retirement plans and retiree health insurance through their employment face increasing responsibility for contributing to these benefits.  Consequently, they need to save more of their income for these purposes.  The main option for doing that is to delay retirement and remain in the labor force, so as to postpone the need to pay these expenses and continue to accumulate savings.  

EBRI's research also breaks down the data by gender and age, finding that the overall trend (more part-time work) held for both men and women and generally for age (except that as workers are less likely to work full time as they age).

EBRI is now on Twitter! Name: @EBRI

URL: http://twitter.com/EBRI

Sign up for our RSS feeds!



SOURCE Employee Benefit Research Institute

Back to top

RELATED LINKS
http://www.ebri.org

'/>"/>

SOURCE Employee Benefit Research Institute
Copyright©2010 PR Newswire.
All rights reserved

Related medicine news :

1. Mount Sinai researchers are the first to identify heart abnormalities in World Trade Center workers
2. Autism Research Study Announced By Children's Health Council
3. Research identifies potential new use for cancer treatment
4. Researchers discover chemical that may protect hearts of muscular dystrophy patients
5. Nuvo Research enrolls first patient in Phase 2 WF10 allergic rhinitis trial
6. Researchers recommend curriculum on unhealthy substance use
7. Using new approach, Mayo Clinic researchers find level of gene alters risk of Alzheimers disease
8. CEMPER.COM Launches New Link Research Tool Version with New Data Source Support for SeoMoz, Sistrix, SEMrush and Majestic SEO
9. Carnegie Mellon research provides insight into brains decision-making process
10. Researchers discover brain tumors grow-or-go switch
11. Get up, get out and go: NC State research tackles childhood obesity
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... October 13, 2017 , ... Global Healthcare Management’s 4th Annual Kids Fun Run ... This free event, sponsored by Global Healthcare Management’s CEO, Jon Letko, is aimed ... geared towards children of all ages; it is a non-competitive, non-timed event, which is ...
(Date:10/13/2017)... ... October 13, 2017 , ... ... giving viewers the lowdown on sciatica in a new episode of "Success Files," ... on current events and innovation and investigates each subject in-depth with passion and ...
(Date:10/13/2017)... ... ... Journey: From the Mountains to the Mission Field”: the story of a missionary couple ... From the Mountains to the Mission Field” is the creation of published author, Carole ... and currently teaches a class of ladies at her church, which she has taught ...
(Date:10/12/2017)... ... October 12, 2017 , ... First Healthcare Compliance (FHC), ... will showcase a range of technology and learning solutions at the 68th Annual ... Expo to be held October 14–18, 2017 at the Mandalay Bay Resort in ...
(Date:10/12/2017)... (PRWEB) , ... October 12, 2017 , ... Planet Fitness, ... the U.S., announced today its plans to open a flagship location in Covington, LA ... the former Rooms To Go store next to Office Depot in the Holiday Square ...
Breaking Medicine News(10 mins):
(Date:10/2/2017)... ORLANDO, Fla. , Oct. 2, 2017  AllianceRx ... services company formed by Walgreens and pharmacy benefit manager ... of its new brand, which included the unveiling of ... Fla. , as well as at a few ... introduces the new brand to patients, some of whom ...
(Date:9/28/2017)... Cohen Veterans Bioscience and Early Signal Foundation ... and home sensors for real-time monitoring of patients with ... nonprofit organization focused on disruptive health solutions for rare ... system to record and integrate behavioral, cognitive, physiological and ... ...
(Date:9/25/2017)... 2017  EpiVax, Inc., a leader in the ... today announced the launch of EpiVax Oncology Inc., ... therapeutic cancer vaccines. EpiVax has provided $500,000 in ... enabling technologies to the new precision immunotherapy venture. ... Oncology as Chief Executive Officer. Gad brings over ...
Breaking Medicine Technology: