Working Longer Solves (Almost) Everything: The Correlation between Employment, Social Engagement and Longevity

34 Pages Posted: 9 Jul 2020

See all articles by Tim Driver

Tim Driver

The Age Friendly Foundation

Amanda Henshon

The Age Friendly Foundation

Date Written: July 8, 2020

Abstract

Research on making it easier for people to work longer has tended to focus on economic security. This paper links working longer to health and longevity. Purely age-based retirement policies have led to complications and unintended consequences including insufficient retirement resources, possible depletion of social security, and flawed perceptions of older workers. By working longer, older adults are better able to support themselves, remain healthier, and live longer. New data show that, when employed, older adults are as much as four times more socially engaged, offsetting deepening concerns worldwide about the adverse effects of loneliness, particularly on older populations. The very definition of retirement should be reconsidered in light of increasing data suggesting that traditional retirement can be detrimental to financial, mental and physical health.

Keywords: Longevity, older workers, employment, social engagement, healthcare, health, retirement income

Suggested Citation

Driver, Tim and Henshon, Amanda, Working Longer Solves (Almost) Everything: The Correlation between Employment, Social Engagement and Longevity (July 8, 2020). Wharton Pension Research Council Working Paper No. 2020-11, Available at SSRN: https://ssrn.com/abstract=3646467 or http://dx.doi.org/10.2139/ssrn.3646467

Tim Driver (Contact Author)

The Age Friendly Foundation ( email )

Amanda Henshon

The Age Friendly Foundation ( email )

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