Retirement Insecurity and the Rise of the Grey Labor Force

The growth of the grey labor force-composed mainly of full-time workers older than age 65-has been exceptionally strong in recent decades. Declining retirement benefits, coupled with increasing longevity, have set the stage for the growth of this segment of the labor market. Yet, older workers find...

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Bibliographic Details
Published in:Generations (San Francisco, Calif.) Calif.), 2019-10, Vol.43 (3), p.35-41
Main Author: Newman, Katherine S.
Format: Article
Language:English
Subjects:
Age
Age discrimination
Baby boomers
Deferred compensation
Discrimination
Disease control
Employment
Grey Labor Force
Inequality
Labor force
Labor market
Older workers
older workers and the labor market
Pensions
Retirement
Retirement benefits
Social security
Wages & salaries
Work
Workers
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Summary:The growth of the grey labor force-composed mainly of full-time workers older than age 65-has been exceptionally strong in recent decades. Declining retirement benefits, coupled with increasing longevity, have set the stage for the growth of this segment of the labor market. Yet, older workers find their options for well-paid work often are limited by age discrimination, and their experience on the shop floor can be disappointing because the jobs they land often are much less rewarding than the ones they held during their prime working years.
ISSN:0738-7806
2694-5126