The retirement wave
Andrew MacKenzie and Heather Dryburgh
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In the education and health-care sector, 64% of men and 63% of women were 40 years of age or older in 1999.
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Retail trade and consumer services occupied the opposite end of the age spectrum; 32% of men and 36% of women were less than 30.
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Managers comprise the oldest, most experienced group of employees. In 1999, 90% of managers had 10 years or more experience, and 55% were aged 40 or older. In comparison, only 35% of marketing and sales employees had reached age 40.
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With an estimated retirement rate of 121 per 10,000, education stood out as the industry with the highest rate of retirement in 1999.
Author
Andrew MacKenzie is with Statistics Canada and temporarily
on assignment with the Canadian Council on Social Development.
He can be reached at (613) 236-5868, ext. 243. Heather
Dryburgh is with Housing, Family, and Social Statistics
Division and can be reached at (613) 951-0501. Both authors
can be reached at perspectives@statcan.gc.ca.
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