Tag: Great Recession
Surprisingly, health had no effect, but rising 401(k) balances and expanded unemployment benefits were really important. While the contours of the Great Recession and the COVID Recession differed sharply, older workers continued to retire and claim Social Security. The question that my co-authors, Anqi Chen and Siyan Liu, and I explored in a recent study is the relative impacts of…
Introduction As COVID-19 shut down the economy in early 2020, the press asked repeatedly how the economic turmoil – combined with a health crisis and a plunge in the stock market – would affect older workers. At that time, the natural inclination was to draw similarities to how older workers responded in the Great Recession.&nbs…
