Older Workers and Retirement Security: a Review

Monique Morrissey, Siavash Radpour and Barbara Schuster
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Barbara Schuster: Schwartz Center for Economic Policy Analysis (SCEPA), https://www.economicpolicyresearch.org

No 2023-01, SCEPA working paper series. from Schwartz Center for Economic Policy Analysis (SCEPA), The New School

Abstract: This article documents risks and disparities among older workers in the labor force and in retirement preparedness and explores the links between labor market challenges facing older workers and retirement insecurity. We use survey data from the Current Population Survey (CPS), the Health and Retirement Study (HRS), and the Survey of Consumer Finances (SCF) to upDate and expand upon previous research on issues including retirement plan coverage and retirement account balances, as well as older workers’ labor force participation and employment, job quality, and job security. We show that while many older workers have little to nothing saved for retirement and cannot afford to retire, the advances in their employment prospects and job quality have been slow and unequal. Our findings reframe improving access to decent jobs as a complement to, rather than substitute for, retirement readiness.

Keywords: older workers; retirement readiness; working conditions; bargaining power (search for similar items in EconPapers)
JEL-codes: J14 J26 J81 (search for similar items in EconPapers)
Date: 2023-06-01
New Economics Papers: this item is included in nep-age and nep-lab
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Persistent link: https://EconPapers.repec.org/RePEc:epa:cepawp:2023-01

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