How did COVID-19 affect the labor force participation of older workers in the first year of the pandemic?

This paper studies older workers’ transitions out of employment and into retirement during the first year of the pandemic. While the likelihood of retiring increased by 1 percentage point, there was no immediate retirement boom for full-time workers under 70.

February 2023 · Owen F. Davis, Laura D. Quinby, Matthew S. Rutledge, Gal Wettstein