• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
LeadershipFuture of Work

Over 40? Why you gain most from a strong economy

By
May 20, 2015, 11:18 AM ET
older worker age
older worker agePhotograph by Biggie Productions—Getty Images

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.

However, when the researchers described a different set of circumstances, where jobs, money, and training were plentiful, age made virtually no difference in participants’ decisions about who should get what.

“Scarcity of resources seems to make people fall back on stereotypes about older employees,” notes Aaron Wallen, a lecturer in management at Columbia who led the study. Such generalizations include the belief that anyone who’s got a few gray hairs is “uncomfortable with new technology, not trainable, and is probably going to retire soon.”

Federal law and many state equivalents prohibit bias against anyone over 40 on the basis of age, but such discrimination is notoriously hard to prove, and suing an employer is usually a Pyrrhic victory anyway. Instead, Wallen recommends that, especially in lean times, older employees make an extra effort to “show how inaccurate the stereotypes are. People don’t think older people will contribute as much in the future as younger ones. So make it clear that you do plan to stick around” — at least as long as, if not longer than, the Millennial in the next cubicle.


Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Leadership

University graduate
SuccessEducation
Harvard may be under federal investigation and cost over $87,000 a year—but it’s still Gen Z’s No. 1 ‘dream college’
By Preston ForeMarch 25, 2026
8 minutes ago
Future of Workchief executive officer (CEO)
JPMorgan’s Jamie Dimon says remote work breeds ‘rope-a-dope politics’ and stunts young workers’ growth
By Marco Quiroz-GutierrezMarch 25, 2026
26 minutes ago
Working woman standing outside office happy
SuccessCareers
Surgeons, airline pilots, and software developers are becoming the hottest roles for female representation—and most jobs pay over $100,000
By Emma BurleighMarch 25, 2026
44 minutes ago
SuccessEntrepreneurs
‘Wealth doesn’t erase your problems—it magnifies them’: One serial entrepreneur’s brutally honest take on making it
By Sydney LakeMarch 25, 2026
2 hours ago
SuccessProductivity
Research shows workers are using AI to get away from their computers—sneaking gym classes, skipping meetings, and clawing back 30 minutes a day
By Orianna Rosa RoyleMarch 25, 2026
2 hours ago
college
AIColleges and Universities
‘You won’t be able to AI your way through an oral exam’: Colleges have an Ancient Greek-style solution to the Gen Z stare
By Jocelyn Gecker and The Associated PressMarch 25, 2026
3 hours ago

Most Popular

Magazine
The youngest-ever female CEO of a Fortune 500 company is fighting Trump's cuts to keep Medicaid strong
By Fortune EditorsMarch 24, 2026
1 day ago
Commentary
The Treasury just declared the U.S. insolvent. The media missed it
By Fortune EditorsMarch 23, 2026
2 days ago
Success
Palantir’s billionaire CEO says only two kinds of people will succeed in the AI era: trade workers — ‘or you’re neurodivergent’
By Fortune EditorsMarch 24, 2026
1 day ago
Energy
Nobel laureate Paul Krugman calls it 'treason': $580 million in suspicious oil futures traded minutes before Trump's Iran reversal
By Fortune EditorsMarch 24, 2026
21 hours ago
Economy
It took 200 years for national debt to hit $1 trillion. Annual interest alone now exceeds that—a 'crushing legacy we must reverse,' says budget chair
By Fortune EditorsMarch 23, 2026
2 days ago
Personal Finance
Current price of oil as of March 24, 2026
By Fortune EditorsMarch 24, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.