Has the ailing economy forced older workers to delay their retirement The conventional wisdom certainly suggests so. A recent front-page story in The Washington Post was headlined: “Ranks of older workers swelling: Data show employment surged among those 55 and over since recession.”
The reality, though, is more complicated. The financial crisis caused more workers to want to delay retirement, but the labor market limited their ability to do it. The net effect of these opposing supply and demand forces has, if anything, been to reduce the employment rate among older workers.
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