Word: moen
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Dates: during 1990-1999
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...retired. Fifty-one percent of married women ages 55 to 64 were in the labor force last year, compared with 36% in 1980. "Unlike prior generations of retirees, in which the wife was most often a homemaker, today's couples have two retirements to think about," says Phyllis Moen, a psychologist conducting an ongoing study on retirement at Cornell University. According to Moen, when one person continues to work after the other retires, all kinds of issues can arise--from how much time to spend together and how to divide the housework to how to help the retired spouse find...
This kind of transition would be a much more feasible option for other retirees, Moen believes, if only employers encouraged it. Because many pensions are based on an employee's last three years of service, phasing out of a current career slowly is financially unattractive. And while employers may provide information about how to prepare financially for retirement, most don't talk to workers about how to plan another precious resource--their time. Additionally, volunteering organizations are largely missing out on the untapped resource of skilled retirees...