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Job Loss at Mid-life

"Managers and Executives Face the "New Risk Economy

Bibliographic Data

ID2996383
AuthorsR Mendenhall (0000-0001-5015-4452, University of Illinois Urbana-Champaign, corresponding author), A Kalil (0000-0002-7430-7713), Andre C Kalil (0000-0002-6489-6294, University of Chicago), L J Spindel (University of Chicago), C M D Hart (Northwestern University)
Year2008
Volume87
Issue1
Pages185-209
Publication date2008-09-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueSocial Forces (JOURNAL)
Journal identifiersISSN: 0037-7732 • E-ISSN: 1534-7605
PublisherOxford University Press (OUP) (PUBLISHER)
DOI10.1353/sof.0.0074
OpenAlexW2031662130
LanguageEN
Citations received17
References cited19

We use a lifecourse framework to examine how the “new risk economy” has left middle-age professionals, managers and executives more vulnerable to job loss and unemployment despite high levels of human capital. Using in-depth qualitative data from 77 recently-unemployed white-collar workers, we examine perceptions of macro-economic forces and their implications for respondents' career-recovery plans and expectations for their own and their children's future career pathways. We find that most respondents attributed their job loss to factors associated with globalization and used coping strategies that involved adapting a “free-agent” mentality in the face of declining employer loyalty and deprofessionalization to manage perceptions of age bias. Respondents also make mastering the “new risk economy” a developmental goal for themselves and their children

Adaptability · Business · Coping (psychology) · Demographic economics · Economic growth · Economics · Face (sociological concept) · Globalization · Human capital · Job loss · Labour economics · Loyalty · Management · Market economy · Perception · Sociology · Unemployment · Employment and Welfare Studies · Marketing · Psychology · Retirement, Disability, and Employment · Youth Education and Societal Dynamics

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Unique citing works17
Citations per year1,06
Citation span2010 - 2022 (13)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 16

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