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Involuntary Job Loss Hits Older Workers Harder

Wed, 06/07/2000 - 12:00am — Karen Stevenson
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A study published in the Journal of Gerontology by William T. Gallo of the Yale University School of Public Health reports that negative mental and physical health effects of involuntary job loss are significant for older workers. The researchers noted that workers in the United States save heavily in the years preceding retirement, often relying primarily on personal savings amassed in this period to finance the costs of retirement. Because of that, late-stage job loss has important consequences for the well-being of dislocated U.S. workers. Further supporting their findings, the study indicated that re-employment of the displaced workers was associated with improvements in both physical functioning and mental health.

A study published in the Journal of Gerontology by William T. Gallo of the Yale University School of Public Health reports that negative mental and physical health effects of involuntary job loss are significant for older workers. The researchers noted that workers in the United States save heavily in the years preceding retirement, often relying primarily on personal savings amassed in this period to finance the costs of retirement. Because of that, late-stage job loss has important consequences for the well-being of dislocated U.S. workers. Further supporting their findings, the study indicated that re-employment of the displaced workers was associated with improvements in both physical functioning and mental health.