COVID-19 and Work at Midlife

ages out of workforce

steady decline in workforce participation as this large population cohort ___________

job satisfaction

tends to peak in middle adulthood

job satisfaction

stems from not only higher wages, but often greater involvement in decisions that affect the workplace

job satisfaction

influenced by being able to do the job well = more effective and productive

job satisfaction

due to lower expectations and goals

job satisfaction

translates into lower absenteeism, greater productivity, and less job hopping

glass ceiling

reason why females twice as likely to quit their jobs as are men

burnout

unsuccessfully managed work place stress

burnout

Feelings of energy depletion or exhaustion

burnout

Increased mental distance from one's job, or feelings of job negativism or cynicism

burnout

Reduced professional efficacy

economic downturns

fewer hours, pay-cuts, having to switch to part-time, etc.

economic downturns

overall financial resources suffer as their retirement nest eggs disappeared and house values shrank, while foreclosures increased

young adult

age grp that is more cost effective to hire due to them starting at lower levels of the pay scale

early retirement

increased due to COVID-19

early retirement

due to strong retirement accounts, investment assets, increased home values, and Covid-19 fatigue