Tuesday, June 12, 2007
Tweet[IWS] EBRI: AGING WORKERS WORKING MORE [12 June 2007]
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
Employee Benefit Research Institute (EBRI)
EBRI Notes
June 2007, Vol. 28, No. 6 [12 June 2007]
Labor-Force Participation: The Population Age 55 and Older, p. 2
Tax Expenditures and Employee Benefits: Estimates From the FY 2008 Budget, p. 9
New Publications and Internet Sites, p. 11
http://www.ebri.org/pdf/EBRI_Notes_06-2007.pdf
[full-text, 12 pages]
Press Release
More Americans Are Working Into Older Age
http://www.ebri.org/pdf/PR_769_12June07.pdf
WASHINGTONAs the baby-boom generation ages, the U.S. labor-force participation rate is increasing for those age 55
and older. The increase for those ages 5564 is driven almost exclusively by an increase of women in the work force,
according to an article released today by the nonpartisan Employee Benefit Research Institute (EBRI). However, the labor
force participation rate increased for both men and women age 65 and above.
The article, which appears in the June EBRI Notes, reports the trend is likely to continue. The reason: Workers face more
responsibility in paying for their retirement expenses, as they depend primarily on a 401(k)-type plan (financed at least
partially with their own contributions) and are increasingly expected to cover their own costs of health insurance in
retirement. The June EBRI Notes is available at www.ebri.org
Here are some highlights of the article, which is based on Census Bureau data, for Americans age 55 and older:
The share of civilian noninstitutionalized Americans who were in the labor force declined from 34.6 percent in
1975 to 29.4 percent in 1993. However, since 1993, the labor-force participation rate has steadily increased,
reaching 38.0 percent in 2006the highest level over the 19752006 period.
The participation rate for men in the labor force followed the same pattern, falling from 49.3 percent in 1975 to
37.7 percent in 1993 before increasing to 44.9 percent in 2006. The 2006 level is still below the 1975 level, but is
clearly higher than the low point in 1993.
The women's labor-force participation rate was essentially flat from 1975 to 1993 (23.1 percent and 22.8 percent).
But after 1993, the women's rate also increased, reaching its highest level in 2006 at 32.3 percent.
In the 5564 age group, the so-called "near elderly," labor force participation for women increased from 57.1 percent in
1993 to 66.7 percent in 2006; for men, participation dipped from 78.3 percent in 1993 to 77.7 percent in 2006. For those
age 65 and older, at or beyond retirement age, participation among men rose from 14.8 percent in 1993 to 20.3 percent in
2006 and for women from 8.1 percent in 1993 to 11.7 percent in 2006.
Individuals age 55 or older with pension income have a lower labor-force participation rate than those without this income,
the article reports. In 2005, 23.6 percent of those with pension income were in the labor force, compared with 47.6 percent
of those without pension income. The rate for those with pension income held steady at around 23 percent from 1987 to
2005, while the trend for those without pension income was upward since its low point in 1994.
The labor-force participation rate increases as the level of educational attainment increases, according to the article. For
example, among those ages 5564 without a high school diploma, the labor-force participation rate trended downward from
19872005. In contrast, among those ages 5569 with some college, the participation rate trended upward.
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
Employee Benefit Research Institute (EBRI)
EBRI Notes
June 2007, Vol. 28, No. 6 [12 June 2007]
Labor-Force Participation: The Population Age 55 and Older, p. 2
Tax Expenditures and Employee Benefits: Estimates From the FY 2008 Budget, p. 9
New Publications and Internet Sites, p. 11
http://www.ebri.org/pdf/EBRI_Notes_06-2007.pdf
[full-text, 12 pages]
Press Release
More Americans Are Working Into Older Age
http://www.ebri.org/pdf/PR_769_12June07.pdf
WASHINGTONAs the baby-boom generation ages, the U.S. labor-force participation rate is increasing for those age 55
and older. The increase for those ages 5564 is driven almost exclusively by an increase of women in the work force,
according to an article released today by the nonpartisan Employee Benefit Research Institute (EBRI). However, the labor
force participation rate increased for both men and women age 65 and above.
The article, which appears in the June EBRI Notes, reports the trend is likely to continue. The reason: Workers face more
responsibility in paying for their retirement expenses, as they depend primarily on a 401(k)-type plan (financed at least
partially with their own contributions) and are increasingly expected to cover their own costs of health insurance in
retirement. The June EBRI Notes is available at www.ebri.org
Here are some highlights of the article, which is based on Census Bureau data, for Americans age 55 and older:
The share of civilian noninstitutionalized Americans who were in the labor force declined from 34.6 percent in
1975 to 29.4 percent in 1993. However, since 1993, the labor-force participation rate has steadily increased,
reaching 38.0 percent in 2006the highest level over the 19752006 period.
The participation rate for men in the labor force followed the same pattern, falling from 49.3 percent in 1975 to
37.7 percent in 1993 before increasing to 44.9 percent in 2006. The 2006 level is still below the 1975 level, but is
clearly higher than the low point in 1993.
The women's labor-force participation rate was essentially flat from 1975 to 1993 (23.1 percent and 22.8 percent).
But after 1993, the women's rate also increased, reaching its highest level in 2006 at 32.3 percent.
In the 5564 age group, the so-called "near elderly," labor force participation for women increased from 57.1 percent in
1993 to 66.7 percent in 2006; for men, participation dipped from 78.3 percent in 1993 to 77.7 percent in 2006. For those
age 65 and older, at or beyond retirement age, participation among men rose from 14.8 percent in 1993 to 20.3 percent in
2006 and for women from 8.1 percent in 1993 to 11.7 percent in 2006.
Individuals age 55 or older with pension income have a lower labor-force participation rate than those without this income,
the article reports. In 2005, 23.6 percent of those with pension income were in the labor force, compared with 47.6 percent
of those without pension income. The rate for those with pension income held steady at around 23 percent from 1987 to
2005, while the trend for those without pension income was upward since its low point in 1994.
The labor-force participation rate increases as the level of educational attainment increases, according to the article. For
example, among those ages 5564 without a high school diploma, the labor-force participation rate trended downward from
19872005. In contrast, among those ages 5569 with some college, the participation rate trended upward.
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
# posted by SBasefsky : 11:06 AM
