Larger Birth Cohort Lowers Wages

Teresa GhilarducciMichael PapadopoulosAnthony Webb
Written By SCEPA

POLICY NOTE

DOWNLOAD PDF

(358 KB)

The reduction in wages resulting from the increase in older workers provides a cautionary note to those advocating delayed retirement as a solution to the retirement savings crisis.

Labor market crowding caused by Boomers delaying retirement will continue to reduce their wages in old age relative to what would have happened had their share of the labor force declined at the same rate as prior generations. 

SCEPA
Previous

Earnings Volatility and 401(k) Contributions
Next

Boomers' Larger Birth Cohort Lowers Wages