Tag: older workers
Abstract Older Americans have been retiring later for a number of reasons, including jobs that are becoming less physically demanding, the shift from defined benefit to defined contribution pensions, and changes in Social Security’s incentives. What are the implications of working longer for workers’ mortality and health? Answering this question is complicated, because work and…
The brief’s key findings are: As life expectancy rises, more retirees face the higher poverty risk associated with very old ages due to declining resources, cumulative inflation, and widowhood. In response, some propose boosting Social Security for the oldest old by either: adopting an annual cost-of-living-adjustment (COLA) for all retirees that more closely matches t…
