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How Longer Work Lives Ease the Crunch of Population Aging

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  • Nicole Maestas

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  • Julie Zissimopoulos

    ()

Abstract

Population aging is not a looming crisis of the futureÑit is already here. The ultimate impact of population aging on our standard of living in the future depends a great deal on how long people choose to work before they retire from the labor force. Here there is reason for optimism. In this paper the authors document the striking shift in the U.S. population age distribution well under way, identify the primary reasons for the historic turnaround in labor force participation, and argue that forces such as changes in the structure of employer-provided pensions and Social Security are likely to propel future increases. They explore the diversity of adaptations already at play in the labor market as older men and women seek to extend their working lives and finally, relate these findings in the U.S. to other OECD countries.

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Bibliographic Info

Paper provided by RAND Corporation Publications Department in its series Working Papers with number 728.

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Length: 39 pages
Date of creation: Dec 2009
Date of revision:
Handle: RePEc:ran:wpaper:728

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  1. Zissimopoulos, Julie M. & Karoly, Lynn A., 2007. "Transitions to self-employment at older ages: The role of wealth, health, health insurance and other factors," Labour Economics, Elsevier, vol. 14(2), pages 269-295, April.
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Cited by:
  1. Robert Clark & Melinda Morrill, 2013. "Increasing Work Life: The Role Of The Employer," Discussion Papers 13-016, Stanford Institute for Economic Policy Research.
  2. Murrugarra, Edmundo, 2011. "Employability and productivity among older workers : apolicy framework and evidence from Latin America," Social Protection Discussion Papers 63230, The World Bank.
  3. Chinhui Juhn & Kristin McCue, 2012. "Workplace Characteristics and Employment of Older Workers," Working Papers 12-31, Center for Economic Studies, U.S. Census Bureau.
  4. Seok Gil Park, 2012. "Quantifying Impact of Aging Population on Fiscal Space," IMF Working Papers 12/164, International Monetary Fund.
  5. Ricky Kanabar, 2013. "Unretirement in England: An Empirical Perspective," Discussion Papers 13/25, Department of Economics, University of York.
  6. Robert W Fairlie & Kanika Kapur & Susan Gates, 2012. "Job Lock: Evidence from a Regression Discontinuity Design," Working Papers 201215, School Of Economics, University College Dublin.
  7. Pierre-Carl Michaud & Philip Merrigan & Pierre Lefebvre, 2012. "The Recent Evolution of Retirement Patterns in Canada," CIRANO Working Papers 2012s-37, CIRANO.
  8. Lorenzo Burlon & Montserrat Vilalta-Bufí, 2014. "Technical progress, retraining cost and early retirement," Temi di discussione (Economic working papers) 963, Bank of Italy, Economic Research and International Relations Area.
  9. Maria Casanova, 2012. "Wage and Earnings Profiles at Older Ages," 2012 Meeting Papers 1166, Society for Economic Dynamics.
  10. Nicole Maestas & Kathleen Mullen & David Powell, 2013. "The Effect of Local Labor Demand Conditions on the Labor Supply Outcomes of Older Americans," Discussion Papers 13-014, Stanford Institute for Economic Policy Research.
  11. Maria Casanova, 2012. "Wage and Earnings Profiles at Older Ages," Working Papers 2012-001, Human Capital and Economic Opportunity Working Group.
  12. Emma Gorman & Grant M Scobie & Andy Towers, 2012. "Health and Retirement of Older New Zealanders," Treasury Working Paper Series 12/02, New Zealand Treasury.
  13. Larsen, Mona & Pedersen, Peder J., 2012. "Paid Work after Retirement: Recent Trends in Denmark," IZA Discussion Papers 6537, Institute for the Study of Labor (IZA).

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