Chapter 9 Flashcards
(12 cards)
What is a bridge job?
are taken by workers on the path to retirement (often in work outside the individuals former career)
Define citizen’s wage
a government pension tied to age
define cumulative disadvantage
occurs as disadvantages for women, such as low pay and time off work due to family caregiving, add up and lead to economic disadvantage later in life.
define encore careers
take place after a midlife career ends; they accomplish something important, pay a salary, and allow a person to give back to society
define flexible retirement
an option the allows workers to slowly cut back the number of hours they work each week
define free career
a second career in a field that allows a person to explore previously dormant or undeveloped interests
define life portfolio
consists of a person’s commitments to specific activities and relationships; these include family, community service, spiritual development, recreation, and, in some cases, work
what is the retirement principle?
the idea that a person leaves work at a fixed age, regardless of mental or physical ability
define retirement wage
a pension paid by the state to support all older people
Define second career
work that allows a person to develop skills they did not use in their pre-retirement career
Define taxback
taxes paid on earnings by recipients of the guaranteed income supplement and provincial supplements that can amount to a 100 percent reduction in. supplement payments for the poorest older people who work
Define third age
the period of life after the period of work and child rearing in the middle years, but before frailty and dependence set in (the fourth age); a period of life created by longer life expectancy and a longer period of good health in later life
