Recareering, or career change, is common at older ages. Workers who change careers typically move into jobs that pay less and offer fewer benefits. However, the new careers tend to offer more flexible work arrangements, less stressful working conditions, and fewer managerial responsibilities. For workers interested in delaying retirement after long careers, such jobs may be just what they are looking for.
Relatively little is known about recareering. This PPI Research Paper by examines the characteristics of workers who change careers in late life. Using data from eight waves of the biennial Health and Retirement Study (1992-2006), Richard W. Johnson, Janette Kawachi, and Eric K. Lewis of The Urban Institute examine the extent and nature of career change by older workers and its consequences for later-life employment. Special attention is paid to the circumstances surrounding later-life job separations that influence career change. Source: The Urban Institute [via AARP]
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