Why Are Older Workers at Greater Risk of Displacement?

Source: Alicia H. Munnell, Steven A. Sass, and Natalia A. Zhivan, Center for Retirement Research at Boston College, Issue in Brief, IB#9-10, May 2009

The brief’s key findings are:
Older workers are now as vulnerable to layoffs as younger workers, because:
their job tenure has declined, eroding the traditional protection afforded by seniority; and
the risk of layoffs in manufacturing has risen, particularly for older workers.

The heightened vulnerability of older workers is a serious concern, because unemployed older workers have a hard time finding a new job.

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