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Fact-of-the-Week: 10 January 2011


fact of the week

OLDER WORKERS SACRIFICE PAY, CAREER DIRECTION TO LAND NEW JOB


Both older and younger workers indicated a willingnes to change careers (69% each) to facilitate their gaining new employment. Over three-quarters (77%) of older job seekers said they were willing to take a pay cut, compared to 64% of prime age job seekers. In fact, 65% of the older job seekers that found another job did take pay cuts. A higher percentage of younger workers (35%), however, said they would relocate for work than older workers (23%), according to the most recent Sloan Center on Aging & Work Issue Brief analyzing data from a survey of unemployed job seekers.


Heidkamp, M., Corre, N., & Van Horn, C. (2010). The new unemployables: Older job seekers struggle to find work during the great recession—comparing the job search, financial, and emotional experiences of older and younger unemployed Americans. Chestnut Hill, MA: Sloan Center on Aging & Work at Boston College. Retrieved from http://www.bc.edu/content/dam/files/research_sites/agingandwork/pdf/publications/IB25_NewUnemployed.pdf