Only a minority of people ages 50 to 62 work steadily in jobs with benefits

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Only a minority of people ages 50 to 62 work steadily in jobs with benefits
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People’s attachment is much weaker, retirement is more prevalent, and many jobs lack benefits.

We just finished a paper on how older workers use “nontraditional” jobs — that is, jobs without health and retirement benefits. In the process of answering that question, we found that only 26 percent of older workers were employed steadily in traditional jobs with benefits. This finding has really changed how I think about people’s work lives.

To gain a better understanding of how older workers use nontraditional jobs, we followed workers in the Health and Retirement Study from ages 50 to 62 to determine at each age whether they are in a traditional job, a nontraditional job, not working, or retired. Then we used sequence analysis to group older workers who have similar employment patterns.

Second, and even more interesting — although peripheral to the study — is that only 26% of the sample held a traditional job with benefits steadily from ages 50 to 62.

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