Economics
How Policy Changes Kept America's Silver Workforce On The Job
- Retirement-rule changes have reduced implicit tax on work
- Older workers are defying trend toward lower job participation
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The share of people working or looking for work is well below 2000 levels for prime-age Americans. But move up the age range and the story changes.
Workers older than 55, and especially those over 65, have become more and more likely to work in recent years, bucking the trend seen among their younger counterparts. That may owe partly to public policy, as Wellesley College’s Courtney Coile points out in a new National Bureau of Economic Research working paper.