Summary of Labor Force Transitions at Older Ages
Burnout, Recovery, and Reverse Retirement
Federal Reserve Board, 2016
How do American workers enter and exit the workforce at retirement age?
As US baby boomers enter their retirement years, they’re considering their options: to continue working, to take on part-time positions or to end employment altogether. In this heavily statistical analysis, economists Lindsay Jacobs and Suphanit Piyapromdee identify some noteworthy trends – including those of a “burnout-recovery process” and “reverse retirement” – that might shed light on the future retirement patterns of American workers. getAbstract suggests this scholarly report to executives looking at their workforce dynamics and to career professionals thinking about their retirement choices.
In this summary, you will learn
- What demographics lie behind the phenomenon of “reverse retirement,”
- Why one-third of surveyed retirees re-enter the workforce and
- Why a “burnout-recovery process” might explain this labor dynamic.
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