Cookies?
Library Header Image
LSE Research Online LSE Library Services

Working life expectancy at age 50 in the United States and the impact of the Great Recession

Dudel, Christian and Myrskylä, Mikko (2017) Working life expectancy at age 50 in the United States and the impact of the Great Recession. Demography, 54 (6). pp. 2101-2123. ISSN 0070-3370

[img]
Preview
Text - Published Version
Available under License Creative Commons Attribution.

Download (739kB) | Preview
[img]
Preview
Text - Accepted Version
Available under License Creative Commons Attribution.

Download (203kB) | Preview

Identification Number: 10.1007/s13524-017-0619-6

Abstract

A key concern about population aging is the decline in the size of the economically active population. Working longer is a potential remedy. However, little is known about the length of working life and how it relates to macroeconomic conditions. We use the US Health and Retirement Study for 1992-2011 and multistate life tables to analyze working life expectancy at age 50 and study the impact of the Great Recession in 2007-2009. Despite declines of 1-2 years following the recession, in 2008-2011 American men aged 50 still spent 13 years, or two-fifths of their remaining life, working; while American women of the same age spent 11 years, or one-third of their remaining life, in employment. Although educational differences in working life expectancy have been stable over the past 20 years, racial differences started changing after the onset of the Great Recession. Our results show that while Americans generally work longer than people in other countries, there is considerable subpopulation heterogeneity. We also find that the time trends are fluctuating, which may prove troublesome as the population ages. Policies targeting the weakest performing groups may be needed to increase the total population trends.

Item Type: Article
Official URL: https://link.springer.com/journal/13524
Additional Information: © 2017 The Authors CC-BY 4.0
Divisions: Social Policy
Subjects: H Social Sciences > HN Social history and conditions. Social problems. Social reform
Sets: Departments > Social Policy
Date Deposited: 24 Aug 2017 13:19
Last Modified: 20 Jun 2020 02:32
URI: http://eprints.lse.ac.uk/id/eprint/84115

Actions (login required)

View Item View Item

Downloads

Downloads per month over past year

View more statistics