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Older men bounce back: the re-emergence of older male workers

Author

Listed:
  • Steven Kennedy

    (Treasury, Government of Australia)

  • Alicia Da Costa

    (Treasury, Government of Australia)

Abstract

Over the past five years, the labour force participation rate of older Australian men has risen after declining for over 25 years. In combination with ongoing increases in older women’s participation, the participation rate of older persons is now at its highest level on record. We describe some of the trends in older persons’ participation with a focus on older men and discuss some possible reasons why older men’s participation has reversed its long decline. We find that improved labour market conditions for older workers is the most likely explanation for the recent increase in participation but that the increase is supported by long-lived improvements in health and education.

Suggested Citation

  • Steven Kennedy & Alicia Da Costa, 2006. "Older men bounce back: the re-emergence of older male workers," Economic Roundup, The Treasury, Australian Government, issue 4, pages 31-43, November.
    • Handle: RePEc:tsy:journl:journl_tsy_er_2006_4_1
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    File URL: http://archive.treasury.gov.au/documents/1190/PDF/04_men.pdf
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    References listed on IDEAS

    as
    1. Blau, David M, 1994. "Labor Force Dynamics of Older Men," Econometrica, Econometric Society, vol. 62(1), pages 117-156, January.
    2. Borland, J. & McDonald, J.T., 2000. "Displaced workers in Australia 1984-1996: Macroeconomic Conditions and Structural Change," Papers 2000-10, Tasmania - Department of Economics.
    3. Steven Kennedy & David Hedley, 2003. "A Note on Educational Attainment and Labour Force Participation in Australia," Treasury Working Papers 2003-03, The Treasury, Australian Government, revised Nov 2003.
    4. Merrilees, W J, 1983. "Pension Benefits and the Decline in Elderly Male Labour Force Participation," The Economic Record, The Economic Society of Australia, vol. 59(166), pages 260-270, September.
    5. W. J. Merrilees, 1983. "Pension Benefits and the Decline in Elderly Male Labour Force Participation," The Economic Record, The Economic Society of Australia, vol. 59(3), pages 260-270, September.
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    Cited by:

    1. Rafal Chomik & John Piggott, 2012. "Pensions, Ageing and Retirement in Australia: Long-Term Projections and Policies," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 45(3), pages 350-361, September.
    2. Watson, John & Wickramanayake, J., 2012. "The relationship between aggregate managed fund flows and share market returns in Australia," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 22(3), pages 451-472.

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    More about this item

    Keywords

    labour market; labour market participation; male workers; older workers; employment; unemployment; population aging;
    All these keywords.

    JEL classification:

    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
    • J40 - Labor and Demographic Economics - - Particular Labor Markets - - - General

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