Resource Library
40% of Older Workers and Their Spouses Will Experience Downward Mobility
Inadequate retirement accounts will cause 8.5 million middle-class older workers and their spouses to be downwardly mobile, falling into poverty or near poverty in their old age.
ReLab's study of retirement wealth inequality between 1992 and 2010 finds that the retirement system is failing everyone, with those at the bottom suffering the most. Our corresponding policy note, "Extreme Inequality is Persistent, Even Among Those With Similar Earnings," discusses policies to address the inequalities baked into our system.
One-third of older workers have neither retirement savings through a 401(k) or IRA, nor a defined benefit (DB) pension.
This paper finds that negative economic shocks cause 401(k) contribution behavior to react in ways consistent with reactions to fear and past trauma.
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.
Do policies to keep older people working cause wage stagnation?
This research was performed pursuant to a grant from the AARP Innovation Challenge.
This working paper argues that the real relative unit labor cost is the main force that explains the long-run behavior of the real exchange rate.
This paper proposes an entropy-constrained model of induced technical change (ITC) and estimates the innovation possibilities frontier (IPF) of the OECD countries.
About SCEPA
SCEPA works to focus the public economics debate on the role government can and should play in the real productive economy - that of business, management, and labor - to raise living standards, create economic security, and attain full employment.
