scholarly journals Unemployment at 50+: Economic and Psychosocial Consequences

Author(s):  
Elke Murdock ◽  
Marceline Filbig ◽  
Rita Borges Neves

AbstractThroughout the lifespan, unemployment has severe consequences in terms of economic exclusion, and overall social exclusion, but is compounded in older age. Within the EU, a growing number of older adults (50+) are affected by joblessness. Job loss at a later stage in a professional career may determine an early and permanent exit from the labour market with significant psychosocial consequences. Herein lies the age-specific risk for older unemployed adults: once becoming unemployed they are at greater risk at staying unemployed. As a result, older unemployed people may face income cuts, deprivation of a central adulthood role and their mental and physical health may suffer. In this chapter, we draw attention to the latent functions of work, and the psychosocial consequences of job loss in later life. Applying a life-course perspective, the aim of this chapter is to explore how job loss can be framed as a form of acute economic exclusion, and how this exclusion can have significant implications for poor mental health. In a context of rising retirement ages, and the lack of preparedness of the labour market to deal with an ageing workforce, it is essential to understand these dynamics to guide policy development.

Author(s):  
Claudia Pigini ◽  
Stefano Staffolani

AbstractA recent reform in the Italian labour market has modified the permanent contract by reducing firing costs. Using a discontinuity in the application of the reform, we evaluate its effect on the probability of being still employed about three and a half years later. In contrast with theoretical predictions, we find that the job survival probability is not smaller for the treated and even significantly larger in some cases. We investigate the composition of permanent workers hired after the reform and we find evidence of treated firms changing their recruitment strategy in favour of potentially more productive workers.


2021 ◽  
pp. 002218562110022
Author(s):  
Elisa Birch ◽  
Alison Preston

This article provides a review of the Australian labour market in 2020. It outlines the monetary and fiscal responses to COVID-19 (including JobKeeper, JobSeeker and JobMaker policies), describes trends in employment, unemployment and underemployment and summarises the Fair Work Commission’s 2020 minimum wage decision. Data show that in the year to September 2020, total monthly hours worked fell by 5.9% for males and 3.8% for females. Job loss was proportionately larger amongst young people (aged 20–29) and older people. It was also disproportionately higher in female-dominated sectors such as Accommodation and Food Services. Unlike the earlier recession (1991), when more than 90% of jobs lost were previously held by males, a significant share (around 40%) of the job loss in the 2020 recession (year to August 2020) were jobs previously held by females. Notwithstanding a pick-up in employment towards year’s end, the future remains uncertain.


2021 ◽  
pp. 089826432199656
Author(s):  
Changmin Peng ◽  
Jeffrey A. Burr ◽  
Dong Yang ◽  
Nan Lu

Objectives: Framed within a life course perspective and cognitive reserve theory, this study examined the mediating role of educational attainment for the association between child–parent relationships during childhood and cognitive function among older adults in rural China. Methods: Data were obtained from three waves of the China Health and Retirement Longitudinal Study ( N = 9809). We employed latent growth curve modeling to test the association among early child–parent relationship quality, educational attainment, and cognitive function in later life. Results: Early child–mother relationship quality was associated with the level and change in cognitive function. Early child–father relationship quality was only related to baseline cognitive function. Educational attainment mediated the relationship between early child–parent relationship quality with mothers and fathers and cognitive function. Discussion: Parental relationship experience in childhood was one distal factor related to cognitive function among older adults. The findings supported the long-term impacts of childhood conditions for later life health consequences.


2021 ◽  
pp. 089826432110486
Author(s):  
Laura Upenieks ◽  
Yingling Liu

Objectives: We integrate the life course perspective with the stress-process model to offer a framework for how childhood conditions moderate the relationship between marital support/strain and subjective well-being in older adulthood for men and women. Methods: Drawing on longitudinal data from the National Social Life, Health, and Aging Project (NSHAP), we use a series of lagged dependent-variable models and stratify the sample by gender. Results: Our results suggest that the benefits associated with greater marital support are stronger for those that did not live with both parents in childhood for men. Women raised in families that experienced financial hardship reported lower subjective well-being in the context of marital strain. Conclusion: Adverse experiences in childhood can be scarring or foster resilience related to well-being in the context of strained or supportive marriages.


2020 ◽  
Author(s):  
Hridaya Raj Devkota ◽  
Bishnu Bhandari ◽  
Pratik Adhikary

AbstractBackgroundPoor mental health and illness among the working population have serious socio-economic and public health consequences for both the individual and society/country. With a dramatic increase in work migration over the past decades, there is recent concern about the health and wellbeing of migrant workers and their accessibility to healthcare services in destination countries. This study aimed to explore the mental health and wellbeing experiences of Nepali returnee-migrants and non-migrant workers, and identify their perception on the risk factors for poor health and health service accessibility for them.MethodsThis qualitative study was conducted among Nepali migrant and non-migrant workers in February 2020. Four focus group discussions (n=25) and 15 in-depth interviews were conducted with male non-migrant and returnee migrant workers from Gulf countries and Malaysia. The discussions and interviews were audio-recorded, transcribed, translated into English and analysed thematically.ResultMigrant workers reported a higher risk of developing adverse mental health conditions than non-migrant workers. In addition, fever, upper respiratory infection, abdominal pain, ulcer, and occupational injuries were common health problems among both migrant and non-migrant workers. Other major illnesses reported by the migrant workers were heat burns and rashes, snake-bites, dengue, malaria, gallstone, kidney failure, and sexually transmitted diseases, while non-migrants reported hypertension, diabetes, and heart diseases. Adverse living and working conditions including exploitation and abuse by employers, lack of privacy and congested accommodation, language barriers, long hours’ hard physical work without breaks, and unhealthy lifestyles were the contributing factors to migrant workers’ poor mental and physical health. Both migrant and non-migrants reported poor compliance of job conditions and labor protection by their employers such as application of safety measures at work, provision of insurance and healthcare facilities that affected for their wellbeing negatively. Family problems compounded by constant financial burdens and unmet expectations were the most important factors linked with migrant workers’ poor mental health condition.ConclusionBoth migrant and non-migrant workers experienced poor mental and physical health condition largely affected by their adverse living and working conditions, unmet familial and financial needs and adherence to unhealthy life styles. It is needed to ensure the compliance of work agreement by employers and promotion of labor rights in relation to worker’s health and safety. In addition, policy interventions on raising awareness on occupational health risk and effective safety training to all migrant and non-migrant workers are recommended.


Author(s):  
Maciej Kucharczyk

AbstractThe European Pillar of Social Rights is about delivering new and more effective rights for Europeans. It builds upon 20 key principles, structured around three categories: equal opportunities and access to the labour market; fair working conditions; and social protection and inclusion. Directly relevant to older people, the Pillar has the potential to address the multidimensionality of exclusion in later life from a rights-based perspective – for example, by enhancing the rights to quality and affordable health and long-term care, to adequate pensions to live in dignity, to age-friendly working conditions and an inclusive labour market, or to access goods and services. Despite these valuable elements, there remains significant uncertainly around how the Pillar will achieve this and what kind of implemental actions might emerge across member states. This chapter analyses the potential of the European Pillar to address social exclusion of older people in Europe, the challenges that might impede its efforts, and the measures necessary to overcome such challenges.


Author(s):  
Jim Ogg ◽  
Michal Myck

AbstractEconomic exclusion is a multidimensional concept that has particular relevance in the context of ageing populations and globalised economies. Sustaining adequate incomes in old age and protecting older citizens from poverty are major challenges for governments and policy makers and they have been amplified in the face of the economic consequences of the COVID-19 pandemic. Over the past few decades most countries have made adjustments to their pension systems and other welfare related policies that concern older citizens, and these reforms have already had and will continue to have a differential impact on economic exclusion. For some, extending the working life and pushing back the legal age of retirement can be a safeguard against inadequate incomes in old age, while for others who are excluded from the labour market, or who are working in low paid jobs, economic exclusion remains a reality. The labour market implications of the pandemic are likely to exacerbate this risk for those whose situation was already fragile before the crisis.


2008 ◽  
Vol 24 (2) ◽  
Author(s):  
Fabian Dekker ◽  
Peter Achterberg

Working flexible during unfavorable economic conditions Working flexible during unfavorable economic conditions In the Netherlands, working in a flexible job implies higher risks of job loss and insecurity at work. As most flexible workers eventually switch to a permanent job, labour market flexibility does not really function as an individual 'trap'. However, most studies on the consequences of flexible labour were carried out during more favorable economic conditions. In this article we study flexible workers' labour market position in a period of declining economic growth and rising unemployment. Data from the Dutch Institute for Labour Studies (OSA), ranging from 1998 to 2004, are analyzed with respect to 'unemployment', 'job insecurity' and the 'transition rates' from flexible contracts. Our main finding is that flexible employees cannot be regarded as a segmented workforce.


Author(s):  
Lynn M. Joseph ◽  
Nancy Kymn Harvin Rutigliano ◽  
Amy Frost

Leaders, managers, professionals, and employees throughout organizations worldwide often face a large number of job transitions, many unexpected, in their careers. Job loss is widely recognized as one of life's more traumatic experiences. It is a stressful, life-changing event—one that can lead to negative mental and physical health consequences and jeopardize financial security and relationships. In addition, mid- and late-career job seekers face unique job-search issues and challenges. Career transition, however, can also be a positive event and growth opportunity, especially when one has prepared in advance for the possible personal impact of widespread organizational restructuring and downsizing. Advance preparation supports career and emotional resilience. This chapter presents challenges surrounding job loss, discusses proven strategies and processes for those in transition, and offers the research-based tool of guided imagery as a means to increase resilience, perceptions of personal control, and job search self-efficacy along with speed of reemployment.


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