Speaking of Psychology
What does modern retirement look like? With Mo Wang, PhD
Mar 29, 2023
Mo Wang, PhD, discusses modern retirement, bridge employment, and its effects on mental and physical health. The podcast explores the impact of remote work and the gig economy, dispelling myths about older workers, the ineffectiveness of using generational differences in understanding workers' needs, fairness in AI hiring decisions, and addressing digital exclusion for older workers.
32:09
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Quick takeaways
- Retirement no longer means an abrupt end to working life, but rather a gradual transition with the rise of bridge employment, allowing retirees to engage in paid work activities post-retirement.
- Flexible working arrangements, such as remote work, can help retain older workers and promote a better work-life balance for them, but further research is needed to determine if remote work truly prolongs working life or simply reveals the benefits of not being in the office.
Deep dives
Flexible Retirement and Bridge Employment
Retirement is no longer an abrupt end to working life, but instead a gradual transition with the rise of bridge employment. Bridge employment refers to engaging in paid work activities post-retirement. It has become increasingly common, with approximately two out of three retirees participating in bridge employment before fully retiring. The pandemic has slightly affected bridge employment rates, but the trend remains. The gig economy offers opportunities for retirees to find post-retirement jobs, providing autonomy and social interaction. However, financial motivations are not always the primary driver for bridge employment, as retirees often seek social connections and a sense of purpose.
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