Thesis: Age Discrimination

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Age Discrimination

Employment Age Discrimination

The issue of age discrimination is one that continues to grow in prominence across industries as a globally aging workforce confronts the stigma of their age in many industries globally (McMahan, Sturz, 2006). Despite the Age Discrimination in Employment Act of 1967 (ADEA) being passed that seeks to protect applicants, employees, and prospects who are 40 years old or older, there is abundant evidence that it is regularly practiced (Posthuma, Campion, 2009). The Equal Employment Opportunity Commission (EEOC) enforces ADEA and investigates cases of compensation, hiring, firing and conditions of employment as it relates to age. Many empirical studies have been completed that provide insights into which industries experience the most and least age discrimination (Bibby, 2008) as a result of ADEA being past. The intent of this paper is to analyze how pervasive age discrimination is in the finance industry specifically, and illustrate how company values and cultures drastically impact its prevalence in a company.

Age Discrimination Varies Significantly by Industry

In analyzing the impact of age discrimination by industry, it was found that older employees are more valued and not discharged due to age alone in government and manufacturing industries (Quan, Dattero, Galup, 2008). Contrary to these industries and their cultures, finance and IT do differentiate in their hiring practices relative to workers, favoring younger, less expensive, and according to one study, more efficient workers (Crampton, Hodge, 2007) over those beyond the age of 40 (Quan, Dattero, Galup, 2008). Finance companies including AIG Insurance, Experian, Goldman Sachs, and many others are known for discriminating on age over qualifications (Posthuma, Campion, 2009). In addition the IT industry, which has long had a bias for younger workers due to their more recent acquisition of new technology, and mastery of those skills, has been the subject of research showing that quantifies how stark the practice… [END OF PREVIEW]

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APA Format

Age Discrimination.  (2009, July 23).  Retrieved November 22, 2019, from https://www.essaytown.com/subjects/paper/age-discrimination/9081852

MLA Format

"Age Discrimination."  23 July 2009.  Web.  22 November 2019. <https://www.essaytown.com/subjects/paper/age-discrimination/9081852>.

Chicago Format

"Age Discrimination."  Essaytown.com.  July 23, 2009.  Accessed November 22, 2019.
https://www.essaytown.com/subjects/paper/age-discrimination/9081852.