Tag: unemployment
No one really needs confirmation of how tough the Great Recession was. But the Center for Retirement Research at Boston College has quantified the decline – and it’s brutal. Investment losses and falling home prices placed 53 percent of U.S. households in danger of a decline in their standard of living after they quit working…
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…
