By Angela O'rand, John C Henretta
Within the usa, older populations convey the top degrees of financial inequality of all age teams. throughout all complex societies, the inequalities saw in older populations stem from structural and person strategies that differentiate the existence classes of girls and males and yield exact styles of monetary inequality in maturity and previous age.Age and Inequality examines the structural and person bases of inequality and getting older within the usa, particularly in fresh a long time. The interaction of the employment procedure with private and non-private social coverage platforms operates to constitution the shapes of labor careers and the styles of go out from those careers in past due maturity and previous age.Gender inequality around the lifestyles path is a vital part of age inequality. hard work marketplace constitution, kingdom regulations, and lifestyles direction elements resembling fertility and the department of loved ones hard work systematically differentiate men’s and women’s paintings careers.Aging and retirement within the twenty-first century bring up issues concerning public welfare and marketplace rules affecting hard work exits and source of revenue aid structures over the subsequent part century. Angela O’Rand and John Henretta ponder the consequences of the altering place of work and altering public guidelines for ladies and males.
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Additional info for Age and Inequality: Diverse Pathways Through Later Life
In examining the implications of a cohort's shift from work institutions to retirement institutions, this chapter poses several questions: Are there identifiable processes associated with this shift that create divergent trajectories among cohort members and either accentuate or reduce inequality with aging? What patterns of inequality do we observe among the elderly? Do these patterns represent continuity from earlier life, accentuation of earlier inequality, or a late-life leveling? We begin by discussing the nature of the linkages across this life course division.
Hartmann and Treimann (1981) have estimated that occupational segregation specifically accounts for 35-40 percent of the wage gap between men and women. Other occupational characteristics with wage outcomes include occupation-contingent employment rates and part-time /partyear worker rates, and job content. The Dictionary of Occupational Titles has been used over two decades to measure the intrinsic features of jobs, such as skill requirements, cognitive complexity, responsibility, authority/autonomy, and physical hazards, that translate into wage structures.
Both pensions and accumulation of assets are important linking mechanisms that tie work and retirement together. That is, the factors that predict market success are equally strong Pathways to Inequality: Intracohort Differentiation over the Life Course 37 in predicting retirement income. An alternative hypothesis, status leveling, holds that there are relatively weaker links between occupational attainments and income after retirement than before because public policy attenuates the link between life phases.
Age and Inequality: Diverse Pathways Through Later Life by Angela O'rand, John C Henretta