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Fact of the Week: 1 July 2013


fact of the week

Displaced Older Workers Earn 20% Less at New Jobs

A decade after losing a job, older displaced workers "earn 14 to 19 percent less, have assets that are 22 to 30 percent lower, and are up to 8 percentage points more likely to experience subsequent layoffs" than older workers who had not lost their jobs, according to a 2013 analysis of data from the Health and Retirement Study.

Rutledge, M. S., Orlova, N., & Webb, A. (2013). How will older workers who lose their jobs during the great recession fare in the long-run? (Working Paper No. 2013-9). Chestnut Hill, MA: Center for Retirement Research at Boston College. Retrieved from crr.bc.edu.

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