Older Workers Know They Face An Unfriendly Labor Market

Retirement Equity Lab
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Retirement Equity Lab: Schwartz Center for Economic Policy Analysis (SCEPA), https://www.economicpolicyresearch.org

No 2020-01, SCEPA publication series. from Schwartz Center for Economic Policy Analysis (SCEPA), The New School

Abstract: An examination of the status of older workers in the first quarter of 2020 reveals two highlights: older workers are more likely than younger workers to think they can't find a job comparable to their current one, a well-founded fear that persists at every earnings level and reflects the reality of an unfriendly labor market, and are less likely to quit their jobs without ability to find a better one, further eroding their bargaining power. Policy recommendations include increasing older workers' opportunities by increasing their bargaining power in the workplace, establishing a federal Older Workers Bureau, expanding Social Security, and creating universal Guaranteed Retirement Accounts & an emergency savings program.

Keywords: older workers; employment; ageism; labor market; unemployment; wages; bargaining power (search for similar items in EconPapers)
JEL-codes: E24 J30 J38 J58 J60 J88 (search for similar items in EconPapers)
Date: 2020-02
New Economics Papers: this item is included in nep-age and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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