Tag: unemployment rates
Recessions hurt workers, so employment is down for people of all ages. The question is the relative experience of older individuals. Older workers have faced both an economy with high levels of unemployment and a virus that puts them more at risk than their younger counterparts. Has their experience in the labor force been especially…
Abstract The Great Recession had a large impact on unemployment rates and growth in wealthy industrial countries. When the recession began most rich countries were experiencing an increase in labor force participation rates after age 60. This paper examines whether the downturn slowed or reversed the trend toward higher old-age participation rates. We use straightforward…
