Working Paper: NBER ID: w26633
Authors: Robert L. Clark; Beth M. Ritter
Abstract: The American population is aging and changes in the population’s age structure are leading to an aging of the nation’s workforce. In addition, changes to age specific participation rates are exacerbating the aging of the national labor force. An important challenge for firms and organizations is how does workforce aging affect labor costs, productivity and the sustainability of the organization. This paper examines employer responses to workforce aging including changes retirement policies, modification in working conditions, the adoption of phased retirement plans, and reforming other employee benefits.
Keywords: No keywords provided
JEL Codes: J11; J14; J21; J26; J33
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| workforce aging (J21) | increased labor costs (J39) |
| workforce aging (J21) | productivity (O49) |
| increased participation rates of older workers (J26) | changes in labor market dynamics (J29) |
| policy adaptation to accommodate older workers (J78) | enhanced productivity (O49) |
| policy adaptation to accommodate older workers (J78) | sustainability (Q01) |
| management practices (M54) | success of phased retirement programs (J26) |
| success of phased retirement programs (J26) | worker satisfaction (J28) |
| success of phased retirement programs (J26) | organizational efficiency (L21) |