Age Disparities in Unemployment and Reemployment During the Great Recession and Recovery

Richard Johnson () and Barbara Butrica

No 2012-03, Issue Briefs from Urban Institute, Program on Retirement Policy

Abstract: As unemployment surged during the Great Recession and subsequent recovery, older workers were less likely than their younger counterparts to lose their jobs. However, unemployed workers in their fifties were about a fifth less likely than those age 25 to 34 to become reemployed between 2008 and 2011, and they experienced steep wage losses. Median hourly earnings for reemployed workers age 51 to 61 were 21 percent lower on the new job than the prelayoff job, compared with only 7 percent for those age 25 to 34. These declines may reflect lost productivity or employer reluctance to hire older workers.

Keywords: unemployment; reemployment; Great Recession (search for similar items in EconPapers)
Pages: 8 pages
Date: 2012-05
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Citations: View citations in EconPapers (11)

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