Case Study: Employment at Older Ages
To illustrate how alternative age measures can be applied, we examined how they affect observed employment trends. Looking at employment for 65-year-old men since the 1960s using chronological ages, we see that employment rates initially dropped but then increased from the mid-1990s to 2016. Using the life expectancy age, however, we find that employment at older ages has dropped steadily over time. In 2016, 49 percent of 65-year-old men were employed. In 1968, 93 percent of men with the same life expectancy as today’s 65-year-olds were employed. We see a similar steady decline when using the relative life expectancy age.