New Policies for an Older Unemployed Population

RELAB WORKING PAPER

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This paper recommends expanding and reforming retraining programs and the creation of tax incentives.


Older workers face structural unemployment. Older unemployed Americans are living with low incomes and without health insurance for longer periods of time due to increases in the duration of unemployment. This paper recommends expanding and reforming retraining programs to better accommodate the needs of older workers and the creation of tax incentives to encourage employers to hire older workers.

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New Retirees Have Inadequate Retirement Account Balances

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U.S. Size Distribution and the Macroeconomy, 1986-2009