Monday, January 11, 2010

EBRI Research Shows Decline in Tenure of Older Workers Other than the Oldest

According to research published in EBRI Notes in January issue, while the median tenure of workers--the midpoint of wage and salary workers’ length of employment in their current job--was virtually unchanged over the past 25 years, there were significant changes among older workers.

Thus, while the median tenure for all workers was 5.1 years at the same job in 2008, compared with 5.0 years in 1983, among those ages 60–64, the percentage with 25 or more years of tenure increased by more than 3 percentage points from 2006–2008, after a fairly steep decline from 1983–2006. In 1983, 23.3% of wage and salary workers ages 60–64 had tenure of 25 or more years, compared with 16.6% in 2006. For those ages 55–59, a persistent decline occurred: from 22.7% in 1983 to 17.6% in 2008.

Source: EBRI Press Release (January 7, 2010)

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