Corpus ID: 10229968

Are Aging Baby Boomers Squeezing Young Workers Out of Jobs

  title={Are Aging Baby Boomers Squeezing Young Workers Out of Jobs},
  author={A. Munnell and A. Wu},
  journal={Issues in Brief},
  • A. Munnell, A. Wu
  • Published 2012
  • Economics
  • Issues in Brief
  • As life expectancy increases and the retirement income system contracts, households face an enormous challenge in ensuring a secure retirement. Working longer is often hailed as the best way to increase retirement incomes. But some suggest that more work by older persons reduces the job opportunities for younger persons. This contention, known as the “lump of labor” theory, is widely accepted in many European countries and has provided an economic rationale for early retirement programs… CONTINUE READING
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