Tag: older workers
Baby boomers have a lot more debt than their parents did. By all accounts, the parents were in pretty good shape for retirement because they held their debt levels down to a mere 4 percent of their total assets in the years immediately before retiring – ages 56 to 61 – according to a new…
Abstract This paper examines the labor market effects of unemployment insurance extensions. It uses administrative Social Security matched employer-employee data from Austria. Critical components of the analysis are effects on wages as well as retirement/job separation effects. The paper found that: Older workers are very responsive to unemployment insurance benefit extensions, which in our setting…
