EMPLOYMENT AND FINANCIAL STATUS BEFORE AND AFTER THE COVID-19 PANDEMIC AMONG OLDER PEOPLE IN ENGLAND
Jingmin Zhu · 2023
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Description
Jingmin Zhu tracked work and money among older people in England across the pandemic, using a long-running national aging study. Employment among those fifty and over fell hard in 2020, from about twenty-five percent before the crisis to under eighteen percent in mid-2020, then partly recovered within that year. Fresh data from late 2021 into 2022 tell a split story.
Jobs came back: the share in paid work returned to roughly pre-pandemic levels. Money worries did not. During the pandemic about twenty-two percent feared for their future finances; afterward the share rose toward thirty percent, against a backdrop of rising living costs. Some groups fared worse than others, including people with little education, those in routine and manual jobs, and those living alone. Zhu concludes that the labor market healed faster than household confidence, and that recovery policy should not mistake re-employment for restored security.
Catalog record
| CREATOR | Jingmin Zhu |
|---|---|
| YEAR | 2023 |
| COLLECTION | PAPERS |
| FORMAT | TXT |
| FILE SIZE | 2 KB |
| VERSION | 1.0 |
| LICENSE | CC BY 4.0 |
| RIGHTS | CC BY |
| SOURCE | Europe PMC |