Posts Tagged ‘Sloan Center on Aging and Work’

  • $160 Billion: The “Contributions” Of Older Adults

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    Today’s seniors annually contribute approximately $160 billion to the US economy in paid work and countless other unpaid activities.

    This nugget was uncovered in a recent article from The Sloan Center on Aging and Work at Boston College. This month the Center has published two articles of great import regarding both the contributions of the older workers and how to keep them engaged.

    The first is a note from Marcie Pitt-Catsouphes, Director of the Center, who on March 31st , attended the White House Forum on Workplace Flexibility convened by President Obama and the First Lady. The focus of this convening was to address how: “The aging of the workforce urges us to create work environments that support the productivity and engagement of workers of all ages and across all career stages.”

    The second article is a fascinating “conversation” with the Sloan Center’s Director of Research, Jacquelyn B. James, PhD. about The “Contributions” of Older Adults. Just one of the topics included is her eye-opening take on the current buzz regarding reverse-generativity.

    And her answer to the question, “In general, do people believe that older adults are still developing and productive later in life?” is a refreshingly honest shot across the bow: “No, not by a long shot!”

    Many interesting insights here, as well as in James’ recent book, The Crown of Life: Dynamics of the Early Postretirement Period.

  • Entrepreneurial Boomers

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    The Sloan Center on Aging and Work at Boston College is doing some innovative projects – research, workshops and publications – on older workers.

    This month it published Fact Sheet #26 which provides a fascinating snapshot of entrepreneurship and the older worker.

    It cited, for example, a 2009 analysis of data from the Kauffman Foundation on Entrepreneurship in which individuals aged 55-64 “experienced the largest increase in entrepreneurial activity from 2007-2008 (0.31% to 0.36%), making it the age group with the highest entrepreneurial activity rate.”

    And for those of you who might be thinking that the current economic environment, layoffs and the dismal lack of job opportunites forced this entrepreneurial activity, another 2009 survey from the Kauffman Foundation, generated these results: “80.3% of respondents stated that inability to find traditional employment was not at all a factor in starting their own businesses. Only 4.5% said this was an important factor.”

    We’d love to hear some of your entrepreneurial thoughts – a new business, a new way of doing business, entrepreneurial ideas for your interview with the company where you’d like to work???


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