How has COVID-19 affected older workers' labor force participation?

Quinby, Laura D., Matthew S. Rutledge, and Gal Wettstein. “How has COVID-19 affected older workers' labor force participation?”. Issue in Brief 21-20, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, December 2021. http://hdl.handle.net/2345/bc-ir:109320.
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Abstract

The brief's key findings are: (1) Before COVID, more people were working longer and claiming Social Security later to improve prospects for a secure retirement. (2) The question is, how has the pandemic affected these patterns? (3) The analysis uses the Current Population Survey to compare job exits and retirements pre- and post-pandemic for workers 55 and over. (4) The results show that COVID did increase job exits, particularly for those with no college degree, women, Asian Americans, and those less able to work remotely. (5) In contrast, the pandemic had little impact on retirement and Social Security claiming, suggesting many may return to work if COVID continues to recede.

Title
How has COVID-19 affected older workers' labor force participation?
Author
Quinby, Laura D.
Rutledge, Matthew S.
Wettstein, Gal
School
Arts and Sciences
Discipline
Economics
Center
Center for Retirement Research
Genre
report
Date Issued
December 2021
Publisher
Center for Retirement Research at Boston College
Series Title
Issue in Brief
Series Number
21-20
Persistent Link
http://hdl.handle.net/2345/bc-ir:109320
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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