Older Workers Benefit From Tight Economy

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olderWhen money and other resources are tight, employers favor younger workers.

If you?ve been in the workforce for a couple of decades or longer, you may have suspected at some point ? especially during the recession ?that the juiciest jobs, bonuses, and training opportunities were going to people young enough to think Crosby Stills & Nash was a law firm.

It turns out you were probably right. A Columbia Business School research project has found that, in lean times, decision-makers favor the young. ?When applying for a job or a seat in a training course, or when receiving bonuses, older people [in the study] were penalized in situations where resources were scarce,? the paper notes. When there is more to go around, however, older workers get an equal slice of the pie.

That conclusion is based on three separate laboratory studies where randomly selected groups of mostly full-time employees, along with a few part-timers and unemployed people, were asked to rate a hypothetical job candidate?s chances of being hired, getting a large bonus, or winning a coveted spot in an in-house training program.

When participants were told that there was a single job opening, or enough money in the bonus pool for just one big payout, or only room for one more person in a training program, they consistently gave the goodies to a candidate they believed was 27 years old, at the expense of one they were told was over 50.

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