Key Findings Details
Employment Trends by Age in the United States: Why Are Older Workers Different?
Sudipto Banerjee and David Blau
- Employment trends diverged by age in the past quarter century, with employment rates declining at younger ages and rising at older ages, for both men and women.
- Social Security reform, changes in the educational composition of the population by age, and the delay in first marriage can explain 10-20% of the divergence.
- The effect of Social Security reform on the divergence in employment trends by age will persist and likely increase in magnitude as benefits decline in the future.
- Future research should study the role of other factors such as age discrimination and job displacement.