Tag: baby boomers
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 wit…
Abstract This paper investigates the oft-repeated claim that delayed retirement by older workers will result in higher unemployment among the young, a claim which has garnered increased attention in the media in the United States and which drives retirement policy in China. Using 1977-2011 data from the Current Population Survey (CPS), the analysis explores bot…
