Are Aging Baby Boomers Squeezing Young Workers Out of Jobs?

Alicia H. Munnell April Yanyuan Wu

IB#12-18

The brief’s key findings are:

  • Individuals need to work longer for a secure retirement, but critics argue that more work by older people reduces jobs for the young.
  • An exhaustive analysis, however, covering the 1977-2011 period found absolutely no evidence of such “crowding out.”
  • This finding holds for both men and women, for groups with different educational levels, and even during the Great Recession.