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The Great Retirement: Who Are the Retirees?
Millions of U.S. workers age 65 and older have exited the labor market during the pandemic. Who is more likely to retire?
Retirements Surge for Older Workers during COVID-19
Though retirement decisions vary by different age groups, the COVID-19 pandemic increased retirement rates for those age 66 and older.
Journal Article
Age Discrimination and Age Stereotypes in Job Ads
Studies suggest that employers discriminate against older workers in hiring, responding less favorably to equally qualified job applicants who are older. Employers may also limit hiring of older workers by including age stereotypes in job ads that signal a preference for younger workers. Evidence from an experimental study shows that older workers are less likely to apply to job advertisements that contain language with ageist stereotypes. The results indicate that this impact is comparable to the direct effects of employer age discrimination in hiring decisions.
Older Workers Accounted for All Net Employment Growth in Past 20 Years
U.S. employment grew by 11.8 million from December 2000 to December 2020. That gain was due to increased employment of people age 60 and older.