Short-Time Compensation Programs Help Older Workers: Evidence from Five States
Summary of publication
Short-time Compensation (Work Sharing) Programs Help Older Workers. Federal-state work sharing programs help save jobs during economic downturns. These programs help employers reduce their wage costs by reducing employees’ hours without terminating jobs. This report examines participants’ characteristics from five state work-sharing programs during the Great Recession. The report finds that work sharing programs may be particularly helpful to older workers, who often have the most trouble finding a new job after becoming unemployed.
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One in Three Americans is Now 50 or Older
By 2030, one out of every five people in the United State will be 65-plus. Will your community be ready?Visit us at www.aarp.org/livable