{
  "id": "RL33054",
  "type": "CRS Report",
  "typeId": "REPORTS",
  "number": "RL33054",
  "active": false,
  "source": "EveryCRSReport.com, University of North Texas Libraries Government Documents Department",
  "versions": [
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      "source": "EveryCRSReport.com",
      "id": 355316,
      "date": "2010-01-15",
      "retrieved": "2016-04-07T02:03:16.138377",
      "title": "Older Displaced Workers in the Context of an Aging and Slowly Growing Population",
      "summary": "The United States is projected to experience two major demographic changes that could greatly affect labor markets in the future. The demographic changes are the aging of the U.S. population and the slowdown in population growth. Both are expected to raise the total dependency ratio (the number of younger and older persons relative to the economically productive population). The possibility of a rising ratio has led to concern about the nation\u2019s ability to maintain the current standard of living. One way to lessen the dependency ratio\u2019s expected increase is for people to spend more years in the labor force.\nOlder workers who involuntarily lose long-held jobs through no fault of their own could experience great difficulty delaying their retirement. Older displaced workers usually have labor market outcomes that compare unfavorably with older nondisplaced workers, such as long-lasting lower employment rates. Older workers often are more adversely affected by displacement than younger workers as well. For example, older workers disproportionately end displacement by exiting the labor force than by finding new jobs.\nThe lower employment rate of older displaced workers appears related to their restricted job opportunities. The limited access of older jobseekers could be due to age discrimination and to lawful considerations of employers (e.g., compensation packages with health insurance). For their part, the likelihood that older displaced workers will earn considerably less upon reemployment dampens their motivation to find new jobs.\nBoth the Dislocated Worker program of the Workforce Investment Act and Trade Adjustment Assistance (TAA) are designed to actively help eligible displaced workers, regardless of age, find new jobs (e.g., by providing training). In addition, the Alternative Trade Adjustment Assistance program for TAA-eligible older workers offers a wage supplement to those who become quickly reemployed in full-time jobs that pay less than their lost jobs. (A wage supplement sometimes is referred to as wage insurance.) Retraining and wage insurance operate on the supply side. The only federal program that addresses older workers\u2019 reemployment difficulties from the demand side is the Senior Community Service Employment Program (Title V of the Older Americans Act). It creates part-time public service jobs for older persons with low incomes and poor job prospects.\nTo the extent that it is more demand-side than supply-side obstacles that prevent substantial numbers of older displaced workers from obtaining new jobs, raising the Social Security eligibility age may not succeed at delaying retirements among members of this group. Not only might older displaced workers be unable to ameliorate potential labor shortages by extending their working lives, but they also might live in reduced circumstances and qualify for means-tested government benefits as a result of their unplanned retirements. Further, older workers voluntarily retiring from long-held jobs who want to extend their stay in the labor force by taking non-career bridge jobs could be thwarted from doing so by these same demand-side obstacles.",
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      "typeId": "REPORTS",
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    },
    {
      "source": "University of North Texas Libraries Government Documents Department",
      "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc807124/",
      "id": "RL33054_2008Jan17",
      "date": "2008-01-17",
      "retrieved": "2016-03-19T13:57:26",
      "title": "Older Displaced Workers in the Context of an Aging and Slowly Growing Population",
      "summary": null,
      "type": "CRS Report",
      "typeId": "REPORT",
      "active": false,
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          "filename": "files/20080117_RL33054_1a2e85cf8436e6a3f118416741c97499d1356c82.html"
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      "topics": []
    }
  ],
  "topics": [
    "Economic Policy"
  ]
}