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Call me morbid, call me pale

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If your children happened to be born since the year 2000 in developed countries, they will most likely live to be 100, and they will be healthier than elderly people in previous generations, according to a recent article in the medical journal The Lancet. (…)

The gain of about 30 years in life expectancy in Western Europe, the U.S., Canada, Australia and New Zealand — and even more in Japan, Spain and Italy — “stands out as one of the most important accomplishments of the 20th century.” Furthermore, most babies born since 2000 in these countries will “celebrate their 100th birthdays if the present yearly growth in life expectancy continues through the 21st century.” The authors expect that it will: “Continued progress in the longest living populations suggests that we are not close to a limit, and [a] further rise in life expectancy seems likely.”

Given that individuals over the coming decade may routinely expect to work well into their 70s and 80s, what kind of environment can they look forward to? “The good news is that the world of work is changing by itself” in ways that will make it more receptive to older employees, says Peter Cappelli, director of Wharton’s Center for Human Resources. “It’s already easier to work at a distance, easier to telecommute…. The physical demands [of many jobs] are falling, commitments are shorter-term, outsourcing of all kinds is on the rise and there is more contract work — all of which makes it simpler for people to come in and out of the workplace, at least in principle….. The question is, to what extent will employers actually embrace older workers and incorporate more flexibility with respect to schedules, less supervision and more empowerment?”

One potential hang-up centers on the fact that older workers, as they stay on the job longer, are likely to be increasingly supervised by younger managers, says Cappelli.

{ Knowledge@Wharton | Continue reading }

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