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Discussion Paper
Older Workers Face New Risks because of the COVID-19 Recession
For the large cohort of older workers, the significant difference between the COVID-19 recession and previous ones is the combined effect of the economic recession and the health risks of the COVID-19 outbreak. Older workers are facing the high health risks of working during a pandemic, on the one hand, as well as the risk of losing their jobs, on the other hand, which can lead to significantly lower wages in the future or even involuntary early retirement.Older workers are a substantial and growing share of the U.S. labor force. The share of people working or looking for work who are 50 or ...