The brief’s key findings are:
- The question is whether retirees can be lured back into the workforce to ease the current labor shortage.
- “Unretirement” trends in recent decades indicate that reentry rates are low in any given year, but are somewhat responsive to tight labor markets.
- Thus, today’s high rate of job openings should convince some retirees to come off the sidelines, though the number will likely be small relative to the shortfall.
- In the current climate, one factor that could potentially lead to more unretirements than anticipated is the increased ability to work remotely.