Why Is It That Middle-Aged Men Tend to Experience More

question 68

Multiple Choice

Why is it that middle-aged men tend to experience more negative impact of a job loss than do younger or older men?

• A) Because they know that even though rapid reemployment is highly likely, they are likely to earn only 40% of the salary that they were making in their new position.
• B) Because they know that their chances of finding new employment are terribly poor.
• C) Because they often have more financial responsibilities than the other two groups.
• D) Because they feel that they will look like a failure in the eyes of their families.

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Definitions:

Inflation

A general increase in prices and fall in the purchasing value of money.

Total Output

The total quantity of goods and services produced in an economy over a specified period.

Labor Force

The total number of people who are employed or actively seeking employment in an economy.

Union Membership

Individuals who belong to a union, an organization formed for the purpose of representing its members' interests in various employment matters.