scholarly journals Relative Sizes of Age Cohorts and Labor Force Participation of Older Workers

2018 ◽  
Author(s):  
David Neumark ◽  
Maysen Yen
Keyword(s):  
Labor Force ◽  
Labor Force Participation ◽  
Older Workers ◽  
Age Cohorts

scholarly journals Secular Stagnation? The Effect of Aging on Economic Growth in the Age of Automation

2017 ◽  
Vol 107 (5) ◽  
pp. 174-179 ◽  
Author(s):  
Daron Acemoglu ◽  
Pascual Restrepo
Keyword(s):  
Economic Growth ◽  
Labor Force ◽  
Labor Force Participation ◽  
Older Workers ◽  
Negative Relationship ◽  
Aging Population ◽  
Demographic Changes ◽  
Negative Effects ◽  
Secular Stagnation

Several recent theories emphasize the negative effects of an aging population on economic growth, either because of the lower labor force participation and productivity of older workers or because aging will create an excess of savings over desired investment, leading to secular stagnation. We show that there is no such negative relationship in the data. If anything, countries experiencing more rapid aging have grown more in recent decades. We suggest that this counterintuitive finding might reflect the more rapid adoption of automation technologies in countries undergoing more pronounced demographic changes and provide evidence and theoretical underpinnings for this argument.

scholarly journals How Longer Work Lives Ease the Crunch of Population Aging

2010 ◽  
Vol 24 (1) ◽  
pp. 139-160 ◽  
Author(s):  
Nicole Maestas ◽  
Julie Zissimopoulos
Keyword(s):  
Labor Force ◽  
Labor Force Participation ◽  
Older Workers ◽  
Population Aging ◽  
Productive Capacity ◽  
Work Lives ◽  
Age Related ◽  
Skill Composition ◽  
The Future ◽  
Older Men And Women

Population aging is not a looming crisis of the future—it is already here. Economic challenges arise when the increase in people surviving to old age and the decline in the number of young people alive to support them cause the growth in society's consumption needs to outpace growth in its productive capacity. 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. A constellation of forces, some just now gaining momentum, has raised labor force participation at older ages at just the time it is needed. We examine the most important factors behind the increase in labor force participation realized to date: the shift in the skill composition of the workforce, and technological change. We argue that forces such as changes in the structure of employer-provided pensions and Social Security are likely to propel future increases in labor force participation at older ages. The labor market is accommodating older workers to some degree, and older men and women are themselves adapting on a number of fronts, which could substantially lessen the economic impact of population aging. Age-related health declines and the reluctance of employers to hire and retain older workers present challenges, but the outlook for future gains in labor force participation at older ages is promising.

The Labor-Force Participation of Older Workers

ILR Review ◽  
1984 ◽  
Vol 37 (3) ◽  
pp. 416-430 ◽  
Author(s):  
James E. Duggan
Keyword(s):  
Labor Force ◽  
Labor Force Participation ◽  
Older Workers

scholarly journals Labor-Force Participation, Policies & Practices in an Aging America: Adaptation Essential for a Healthy & Resilient Population

Daedalus ◽  
2015 ◽  
Vol 144 (2) ◽  
pp. 41-54 ◽  
Author(s):  
Lisa F. Berkman ◽  
Axel Boersch-Supan ◽  
Mauricio Avendano
Keyword(s):  
Labor Force ◽  
Labor Force Participation ◽  
Older Workers ◽  
Population Aging ◽  
Work Organization ◽  
Well Being ◽  
The United States ◽  
Beneficial Effects ◽  
Education And Health ◽  
Younger Workers

Population aging in the United States poses challenges to societal institutions while simultaneously creating opportunities to build a more resilient, successful, and cohesive society. Work organization and labor-force participation are central to both the opportunities and challenges posed by our aging society. We argue that expectations about old age have not sufficiently adapted to the reality of aging today. Our institutions need more adaptation in order to successfully face the consequences of demographic change. Although this adaptation needs to focus especially on work patterns among the “younger elderly,” our society has to change its general attitudes toward work organization and labor-force participation, which will have implications for education and health care. We also show that work's beneficial effects on well-being in older ages are often neglected, while the idea that older workers displace younger workers is a misconception emerging from the “lump-of-labor” fallacy. We conclude, therefore, that working at older ages can lead to better quality of life for older people and to a more productive and resilient society overall.

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