What Has Driven the Recent Increase in Retirements?

Jun Nie and Shu-Kuei X. Yang

Economic Bulletin, 2021, issue August 11, 2021, 4

Abstract: During the pandemic, the share of retirees in the U.S. population rose much faster than its normal pace. Typically, an increase in this share is driven by more people transitioning from employment to retirement. However, we show that the recent increase was instead driven by fewer people transitioning from retirement back into employment, likely due to pandemic-related health risks. More retirees may rejoin the workforce as these health risks fade, but the retirement share is unlikely to return to a normal level for some time.

Keywords: Retirees; Retirement; Labor Force; Pandemic (search for similar items in EconPapers)
Date: 2021
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