Are Aging Baby Boomers Squeezing Young Workers Out of Jobs?
October 2, 2012
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.
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Citation
Munnell, Alicia H. and April Yanyuan Wu. 2012. "Are Aging Baby Boomers Squeezing Young Workers Out of Jobs?" Issue in Brief 12-18. Chestnut Hill, MA: Center for Retirement Research at Boston College.
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