The Center for Retirement Research at Boston College has released a new Issue in Brief: "Are Aging Baby Boomers Squeezing Young Workers Out of Jobs?"
By Alicia H. Munnell and April Yanyuan Wu
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 with different educational levels, and even during the Great Recession.
This brief is available here.