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.
In light of growing calls for retirement system reform, this report assesses the economic effects of Social Security, concluding that any reforms to federal retirement policy must be built on the foundation of a protected and strengthened Social Security system.
This report explores the drivers of the pandemic retirement surge. Contrary to other contributions that posited a major role for diminished flows out of retirement, we find that increased transitions from the labor force to retirement drove the trend.
This paper explores patterns in employment and retirement among older workers during the pandemic, finding that the characteristics that best predicted excess retirement transitions were employment in high-contact occupations and part-time work schedules.
The pandemic led to a significant shift in retirement and employment outcomes for older workers. This report quantifies the scale of the Covid-19 retirement boom and explores disparities by race and education in pandemic labor market outcomes.
This report examines labor market outcomes for older workers in comparison to younger and mid-career workers in the first six months of the pandemic. It document a historically unusual unemployment gap between older workers and their mid-career counterparts.