Tag: labor force participation
Three months into the pandemic, a few million older workers had been laid off or quit. But what happened next? The rapid drop in employment due to COVID gave the Center for Retirement Research an unusual opportunity to study the labor force decisions of baby boomers, who are within striking distance of retirement age but…
The brief’s key findings are: Before COVID, more people were working longer and claiming Social Security later to improve prospects for a secure retirement. The question is, how has the pandemic affected these patterns? The analysis uses the Current Population Survey to compare job exits and retirements pre- and post-pandemic for workers 55 and over…
