The Long-Term Impact of Disability, Employment, and Marital Status Shocks: Evidence from Matched Administrative Data

Haaga, Owen; Johnson, Richard W.

doi:10.2139/ssrn.3315584

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The Working Longer Consensus Reduces Labor's Bargaining Power1

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2021

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“…Those who continue working will be less likely to find good-quality jobs than before. 55 Older workers are increasingly employed in low-wage traditional jobs and in alternative work arrangements. The Bureau of Labor Statistics projects that the fastest-growing occupations between 2016 and 2026 will be personal and home health care aides (1.3 million jobs added).…”

Section: The Working Longer Consensus Reduces Labor's Bargaining Powermentioning

confidence: 99%

Making Old People Work: Three False Assumptions Supporting the “Working Longer Consensus”

Ghilarducci

2021

Politics & Society

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Pensions and social insurance—key parts of the welfare state—redistribute income and wealth across class by providing, or not providing, practical and legitimate access to basic income without requiring work for pay. Mistaken attention to generational equity and austerity economics creates a set of beliefs that older people should work more, forming what the article calls an emerging “Working Longer Consensus,” which is supported by three false doctrines. Using OECD data and secondary sources, the article counters each false doctrine by showing that healthy longevity gains are not distributed equally; there is no demonstrated trade-off between public spending for the elderly and children; and a greater supply of elder labor does not necessarily mean economic prosperity. The Working Longer Consensus, like the Washington Consensus, promises that pension austerity will yield economic prosperity.

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Section: The Working Longer Consensus Reduces Labor's Bargaining Powermentioning

confidence: 99%

Making Old People Work: Three False Assumptions Supporting the “Working Longer Consensus”

Ghilarducci

2021

Politics & Society

View full text Add to dashboard Cite

show abstract

The Long-Term Impact of Disability, Employment, and Marital Status Shocks: Evidence from Matched Administrative Data

Cited by 1 publication

References 19 publications

Making Old People Work: Three False Assumptions Supporting the “Working Longer Consensus”

Making Old People Work: Three False Assumptions Supporting the “Working Longer Consensus”

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