Age and Inequality: Diverse Pathways Through Later Life by Angela O'rand, John C Henretta

By Angela O'rand, John C Henretta

Within the usa, older populations convey the top degrees of monetary inequality of all age teams. throughout all complicated societies, the inequalities saw in older populations stem from structural and person methods that differentiate the existence classes of girls and males and yield precise styles of monetary inequality in maturity and outdated age.Age and Inequality examines the structural and person bases of inequality and getting older within the usa, particularly in fresh a long time.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 approach with private and non-private social assurance platforms operates to constitution the shapes of labor careers and the styles of go out from those careers in overdue maturity and previous age.Gender inequality around the existence direction is a vital component of age inequality. exertions industry constitution, kingdom regulations, and lifestyles path components comparable to fertility and the department of family exertions systematically differentiate men’s and women’s paintings careers.Aging and retirement within the twenty-first century increase issues relating to public welfare and industry regulations affecting hard work exits and source of revenue aid platforms over the following part century. Angela O’Rand and John Henretta reflect on the results of the altering office and altering public regulations for girls and males.

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Martin Kohli, in an important paper entitled "Aging as a Challenge for Social Theory" (1986), analyzes the issue in a particularly useful way. Though the boundary between work and retirement may have become less clear in recent years (see Chapter 4), over the longer term the development of retirement institutions has created retirement as a distinct stage of life. In this modern life course division into separate age-segregated education, work, and retirement stages, each life segment occurs within a distinct set of social institutions (Riley 1998).

Population aging and persistently high rates of unemployment provide the major sources of strain for European systems (Pampel 1998; Bosworth and Burtless 1998). In the United States, concerns are more prospective and related primarily to population aging (with concerns regarding the long-term care of the oldest old, particularly single aged women), the personal savings pat- Cohorts, Inequality, and Social Change 31 terns of workers, and the looming exit from the labor force of the baby boom cohorts (Rappaport and Scheiber 1993).

Individuals can't plan in the way the theory suggests; and, even if they could, they lack the self-control to execute the plan (Thaler 1990; 1994). Bernheim and Scholz (1993), for example, argue there are socially patterned differences in the learned skills required to make the complex long-term planning decisions. They find that the standard life cycle framework describes the behavior of college graduate households but not those with less schooling. Sociologists are likely to find this critique congenial.

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