Exam 10: Later Life Work, Retirement, and Economic Security

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Women who were separated or divorced at age 45 or older were more likely to be poor later in life than either married women or men who divorced or separated in middle or later life.

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Are older workers as useful as younger ones? Support your answer.

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Older workers are just as useful as younger workers, since most studies find that productivity does not decline with age, assuming average health and motivation. The amount and rate of any decline in physical or cognitive ability is highly variable. Where there is some decline, it is often compensated for by experience or adaptation. Adaptation varies among individuals at any age and is influenced by such factors as economic necessity, health, family demands, retraining opportunities and support, and the physical demands of the tasks. In short, there are individual differences in work-related skills and motivation among both younger and older workers.

What is the most common and oldest measure of relative poverty in Canada?

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The most common and oldest measure of relative poverty in Canada is Statistics Canada's low income cut-offs (LICOs). This measure, which is adjusted annually according to the consumer price index, is based on patterns of family expenditures for food, clothing, and shelter for a given community size and family size. It is not an absolute measure of poverty but, rather, a relative measure of how individuals or subgroups of the population compare at a given time; it identifies those who are less well-off than the average for their family size and within their geographical region.

What factors help retired men and women adjust?

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Increased affluence and health among older adults has led to increased advertising and to the marketing of products for which market?

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What is the low-income measure (LIM)?

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What is the contingent workforce?

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At what age is an older citizen eligible for Old Age Security benefits?

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Private retirement plans include individual savings.

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Canada has a high rate of seniors living below the low-income measure when compared to Australia, Germany, and Sweden.

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Many young people today are entering the labour force at a later age than their parents did.

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What is the Targeted Initiative for Older Workers? How effective is this program?

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Which of the following factors increases the likelihood of poverty in later life?

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Which of the following is a limitation of the largely successful Targeted Initiative for Older Workers (TIOW) program?

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Many older people report that their basic need for goods and services decreases with age.

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Which of the following statements about older workers is true?

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Which of the following is true for women preparing for retirement compared to men?

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Which of the following is true for women preparing for retirement compared to men?

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Which approach merely pits one generation against another, and oversimplifies multi-faceted aging processes?

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What was the first truly universal pension plan in Canada?

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