Given that research has found that tech workers worry about age discrimination at age 40 — and that after age 48 passes you by, your chances of getting a job in Silicon Valley tank — it’s clear that age plays a huge role in people’s concerns about work as the years tick forward.
Here are just a couple of things more recent research has found about the nature of work as you get older.
Job-security concerns increase with age
Among the many results was how safe people think their jobs are.
The survey results show that as workers age, they generally tend to doubt how secure their positions are.
For women, confidence consistently drops from ages 20-60+.
For men, this largely holds true — with one exception.
Men with “significant confidence” have the most of it at ages 20-29, but it continues to drop until their confidence hits its lowest point at ages 50-59. Notably, their confidence goes back up at age 60+.
Older workers could stay in the workforce longer with more flexible hours
A working paper from the National Bureau of Economic Research (NBER) found that, at the time the survey was conducted, if nothing from their final position had changed — including the kind of job, how much they make per hour, and the number of hours — around 40% of retired Americans said that they would want to work again.
One of the main takeaways of the NBER working paper was that for many older Americans, “labor force participation near or after normal retirement age is” restricted by an absence of “acceptable” employment prospects — plus the idea that older workers won’t be able to find employment at advanced ages.
“Willingness to work becomes much stronger if they can choose hours flexibly instead of having to work the same number of hours as in their last job on a fixed schedule,” the report said. “About 60 percent of retirees would be willing to return to work with a flexible schedule. Furthermore, 20 percent of retirees would be willing to take more than a 20 percent hourly wage reduction to do so.”
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