Tag: working longer
The Proposition Sounds Plausible, But the Data Don’t Support It As life expectancy increases and the retirement income system contracts, households face an enormous challenge in ensuring a secure retirement. Working longer is the best way to increase retirement incomes. But some suggest that more work by older persons reduces the job opportunities for younger…
The brief’s key findings are: Individuals need to work longer for a secure retirement, but critics argue that more work by older people reduces jobs for the young. An exhaustive analysis, however, covering the 1977-2011 period found absolutely no evidence of such “crowding out.” This finding holds for both men and women, for groups wit…
