Chapter 8 Notes
Chapter 8 Notes FAD3343
Popular in CONTEXTS OF ADULT DEVELOPMENT
Popular in Child and Family Studies
This 2 page Class Notes was uploaded by Irene Mansour on Tuesday March 29, 2016. The Class Notes belongs to FAD3343 at 1 MDSS-SGSLM-Langley AFB Advanced Education in General Dentistry 12 Months taught by Dr. jeter in Winter 2016. Since its upload, it has received 17 views. For similar materials see CONTEXTS OF ADULT DEVELOPMENT in Child and Family Studies at 1 MDSS-SGSLM-Langley AFB Advanced Education in General Dentistry 12 Months.
Reviews for Chapter 8 Notes
Report this Material
What is Karma?
Karma is the currency of StudySoup.
Date Created: 03/29/16
Chapter 8: WORK & LEISURE - Changes in Retirement o In early 1900, nearly 70% of American men 65+ were employed 1960, dropped to 35% 1976, dropped to 22% 1992, dropped to 15% (don’t need to memorize these numbers) o Women’s employment & retirement choices differ from men’s, as they are often arranged around marriage, child bearing (“mommy tracking”), spouses’ income. o Shift from agricultural to industrialized economy o Social Security Act passed in 1935 deemed the retirement age 65, & allotted working person’s benefit after retirement o Shifting trend towards early retirement (age 55), especially in white & blue-collar workers. o Differing companies may have late or early retirement incentive programs. - Social Security o People are living longer than ever, so are drawing longer upon SS. o There’s also a shrinking supply of younger workers paying into SS. o Social Security would stabilize if older workers stayed on the job longer. The SS age will gradually become 67; there are incentives now to take SS at a later age. - Benefits of Early Retirement o Reduce need for layoffs o Payroll costs can be reduced o Number of seniors, more highly paid employees can be reduced o Employee morale can be preserved when done “across the board” (not targeted). o Employment discrimination minimized. o Promotion channels can be opened to younger individuals - Age Discrimination o Cannot discriminate on persons in employment based on age, especially between ages 40-70. o Do not have to put date of birth on employment application; cannot be asked age in a job interview. o Passed over for promotion or first-fired. o Age discrimination is difficult to prove - Adjustment to Retirement o Research shows variations in adjustment, satisfaction, & happiness in retirement o Retirement funds are a factor in when one retires, if they stay retired, & how satisfied they are w/ retirement o Good health, willingness to retire, & attitudes toward retirement are all important factors - Different Retirement Patterns o Withdrawal: extreme reduction of social activities o Third age: retirement characterized by creative & cultural activities o Leisure: emphasis on consumption of leisure activities o Protest: political activism, especially to protect interest of the retired o Acceptance: traditional retirement values; lengthy television & other mass communication exposure - Views on Work o After the protestant Reformation, work was viewed as having inherent dignity & value (not just a means for survival/income). o Strong work ethic may clash w/ retirement o 35% of retirees return to the workforce, while the majority does not. o Options include: full-time work, part-time work, or retraining