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Title: How Have Older Workers Fared During the COVID-19 Recession?

Citation Type: Working Paper

Publication Year: 2021

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Abstract: The good news, as a recent CRR brief suggests, is that older workers were not disproportionately affected by the COVID-19 Recession with respect to initial job losses. 1 However, many older workers, like their younger counterparts, did experience layoffs. How did they fare? The specific question addressed in this brief is the prevalence of job exits among older workers and the extent to which they led to outright retirement. The analysis compares the results across earnings lev- els and to other benchmarks – the Great Recession and the strong economy of 2019. Using the Current Population Survey (CPS), the brief focuses on two age groups of workers: 1) those approaching retirement (ages 50-61); and 2) those of retirement age (62+), who may be more likely to exit the labor force entirely.

Url: https://www.academia.edu/121479629/How_Have_Older_Workers_Fared_During_the_COVID_19_Recession

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Authors: Aubry, JP

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Publication Number: 21-7

Institution: Center for Retirement Research

Pages: 1-4

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Data Collections: IPUMS CPS

Topics: Aging and Retirement, Labor Force and Occupational Structure

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