Posted on : August 28, 2016
Views : 95
Category : Career
Professor Connie Wanberg, Carlson School of Management, discusses how age affects reemployment success after a job loss. “There’s very robust evidence that as an individual moves beyond age 50, they experience a large penalty toward how quickly they will find a job,” The US government’s 2014 Displaced Worker Survey shows that someone 50 years or older is likely to be unemployed 5.8 weeks longer than someone between the ages of 30 and 49, and 10.6 weeks longer than individuals ages 20 to 29. Further, the odds of being re-employed decrease by 2.6 percent for each one-year increase in age.