Are older workers responding to the bear market?

Eschtruth, Andrew D., and Jonathan Gemus. “Are older workers responding to the bear market?”. Just the Facts 5, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, October 2002. http://hdl.handle.net/2345/bc-ir:104526.
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Abstract

In the past year, as the economy has weakened and unemployment has risen, the labor force participation rate for older workers (aged 55-64) has jumped by 2.0 percentage points – an increase unprecedented in post-war U.S. economic history. Recessions typically see very slow or even negative growth in labor force participation. A likely factor contributing to this dramatic change is the steep decline in the stock market that has occurred since the spring of 2000. Plunging stock portfolios may have caused some older workers to postpone retirement and convinced some early retirees to rejoin the labor force...

Title
Are older workers responding to the bear market?
Author
Eschtruth, Andrew D.
Gemus, Jonathan
Center
Center for Retirement Research
Genre
report
Date Issued
October 2002
Publisher
Center for Retirement Research at Boston College
Series Title
Just the Facts
Series Number
5
Version Identification
Version of record.
Persistent Link
http://hdl.handle.net/2345/bc-ir:104526
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
Financing retirement

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