Brief Will Employers Want Aging Boomers?
Gordon B. Mermin, Richard W. Johnson, Eric Toder
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Boomers will probably want to work longer than earlier cohorts, but their continued work requires that employers hire and retain them. Employers value older workers for their maturity, experience and work ethic, but worry about out of date skills and high costs. Slower overall labor supply growth will increase demand for older workers and occupations with higher shares of older workers will increase modestly as a share of all jobs. Future jobs will require less physical demands and more cognitive and interpersonal skills, trends that favor educated older workers, but job opportunities for less educated older workers may remain limited.
Research Areas Aging and retirement
Tags Workplace and industry studies Economic well-being Pensions Retirement policy
Policy Centers Income and Benefits Policy Center