Reconsidering Retirement

How Losses and Layoffs Affect Older Workers

Courtney C. Coile,

Reconsidering Retirement: How Losses and Layoffs Affect Older Workers
 
 
The economic crisis has led many older Americans to put their dreams of retirement on hold. As home prices and equity plunged, along with the value of 401(k) accounts, media reports highlighted the plight of would-be retirees forced to stay on the job. But as labor economists Courtney Coile and Phillip Levine show in Reconsidering Retirement, this focus paints an incomplete and misleading picture of the recession’s impact on older workers.In this important new book, Coile and Levine go beyond the headlines to explain how the economic crisis will affect retirement patterns and the well-being of older Americans. By looking separately at the stock, housing, and labor markets, the authors identify both the mechanisms behind changes in retirement behavior and their combined effect. As expected, they find that the decline in the stock market will lead some workers to delay retirement. However, lower home prices will have no effect on retirement decisions, while the weak labor market will cause other workers to withdraw from the labor force earlier than they might like.Equally important, Reconsidering Retirement asks how the recession will affect different groups of workers. Will less-skilled workers fare worse than highly skilled or high-earning individuals? And what can and should policymakers do to aid those who are worst off?Coile and Levine’s conclusions will surprise many readers. For example, they find that the net effect of the current crisis will be to increase the number of retirements, particularly among low-skilled workers who are laid off and unable to find work. Among older Americans, these involuntary early retirees—who may number close to 400,000—will suffer the most as a result of the economic downturn. Yet they have been largely overlooked by pundits and the public alike. Reconsidering Retirement argues persuasively for moving them to center stage.Contents1. Introduction
2. Defining and Explaining Retirement3. Detecting the Impact of Market Conditions4. Impact of the Stock Market Crash5. Impact of the Housing Market Crash6. Impact of the Labor Market Crash7. Implications for Retiree Well-Being8. Discussion and Policy ImplicationsIndex


  • ;
  • ISBN:
  • Edition:
  • Title:
  • Series:
  • Author:
  • Imprint:
  • Language:

In The Press


About The Author


Customer Reviews

Verified Buyer

Read online

If you’re using a PC or Mac you can read this ebook online in a web browser, without downloading anything or installing software.

Download file formats

This ebook is available in file types:

This ebook is available in:

After you've bought this ebook, you can choose to download either the PDF version or the ePub, or both.

DRM Free

The publisher has supplied this book in DRM Free form with digital watermarking.

Required software

You can read this eBook on any device that supports DRM-free EPUB or DRM-free PDF format.

Digital Rights Management (DRM)

The publisher has supplied this book in encrypted form, which means that you need to install free software in order to unlock and read it.

Required software

To read this ebook on a mobile device (phone or tablet) you'll need to install one of these free apps:

To download and read this eBook on a PC or Mac:

  • Adobe Digital Editions (This is a free app specially developed for eBooks. It's not the same as Adobe Reader, which you probably already have on your computer.)

Limits on printing and copying

The publisher has set limits on how much of this ebook you may print or copy. See details.

  • {{ format_drm_information.format_name }} unrestricted {{ format_drm_information.format_name }} {{format_drm_information.page_percent}}% pages every day{{format_drm_information.interval}} days {{ format_drm_information.format_name }} off
Read Aloud
  • {{ read_aloud_information.format_name }} on {{ read_aloud_information.format_name }} off
Subject categories
  •  > 
ISBNs