Recessions and older workers

Munnell, Alicia Haydock, Dan Muldoon, and Steven A. Sass. “Recessions and older workers”. Issue in Brief 9-2, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, January 2009. http://hdl.handle.net/2345/bc-ir:104278.
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Abstract

The brief's key findings are: (1) Despite the current recession, the employment rate of older men has not fallen. (2) This surprising fact is the net result of two long-term developments. (3) On the one hand, the labor force participation of older workers has risen steadily due to changes in Social Security, job demands, and health care access. (4) And 401(k)s have exposed workers to stock market collapses. (5) On the other hand, declining job tenure has eroded older workers' protection against layoffs, increasing the risk of unemployment.

Title
Recessions and older workers
Author
Munnell, Alicia Haydock
Muldoon, Dan
Sass, Steven A.
School
Carroll School of Management
Discipline
Finance
Center
Center for Retirement Research
Genre
report
Date Issued
January 2009
Publisher
Center for Retirement Research at Boston College
Series Title
Issue in Brief
Series Number
9-2
Version Identification
Version of record.
Persistent Link
http://hdl.handle.net/2345/bc-ir:104278
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Older workers

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