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Age Disparities in Unemployment and Reemployment During the Great Recession and Recovery

Author

Listed:
  • Richard W. Johnson

    (Urban Institute)

  • Barbara Butrica

    (Urban Institute)

Abstract

As unemployment surged during the Great Recession and subsequent recovery, older workers were less likely than their younger counterparts to lose their jobs. However, unemployed workers in their fifties were about a fifth less likely than those age 25 to 34 to become reemployed between 2008 and 2011, and they experienced steep wage losses. Median hourly earnings for reemployed workers age 51 to 61 were 21 percent lower on the new job than the prelayoff job, compared with only 7 percent for those age 25 to 34. These declines may reflect lost productivity or employer reluctance to hire older workers.

Suggested Citation

  • Richard W. Johnson & Barbara Butrica, 2012. "Age Disparities in Unemployment and Reemployment During the Great Recession and Recovery," Issue Briefs 2012-03, Urban Institute, Program on Retirement Policy.
    • Handle: RePEc:rbn:briefs:2012-03
    as

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    Citations

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    Cited by:

    1. Agnieszka Chłoń-Domińczak & Dorota Holzer-Żelażewska, 2022. "Economic stress of people 50 + in European countries in the Covid-19 pandemic–do country policies matter?," European Journal of Ageing, Springer, vol. 19(4), pages 883-902, December.
    2. Lauren L. Schmitz & Dalton Conley, 2016. "The Impact of Late-Career Job Loss and Genotype on Body Mass Index," NBER Working Papers 22348, National Bureau of Economic Research, Inc.
    3. Truc Thi Mai Bui & Patrick Button & Elyce G. Picciotti, 2020. "Early Evidence on the Impact of COVID-19 and the Recession on Older Workers," NBER Working Papers 27448, National Bureau of Economic Research, Inc.
    4. Courtney C. Coile & Phillip B. Levine & Robin McKnight, 2014. "Recessions, Older Workers, and Longevity: How Long Are Recessions Good for Your Health?," American Economic Journal: Economic Policy, American Economic Association, vol. 6(3), pages 92-119, August.
    5. Lara Bellotti & Sara Zaniboni & Cristian Balducci & Gudela Grote, 2021. "Rapid Review on COVID-19, Work-Related Aspects, and Age Differences," IJERPH, MDPI, vol. 18(10), pages 1-24, May.
    6. Mark Partridge & Seung‐hun Chung & Sydney Schreiner Wertz, 2022. "Lessons from the 2020 Covid recession for understanding regional resilience," Journal of Regional Science, Wiley Blackwell, vol. 62(4), pages 1006-1031, September.
    7. Modrek, Sepideh & Cullen, Mark R., 2013. "Health consequences of the ‘Great Recession’ on the employed: Evidence from an industrial cohort in aluminum manufacturing," Social Science & Medicine, Elsevier, vol. 92(C), pages 105-113.
    8. Matthew S. Rutledge, 2014. "How Long Do Unemployed Workers Search For A Job?," Issues in Brief ib2014-3, Center for Retirement Research.
    9. Alicia H. Munnell & Matthew S. Rutledge, 2013. "The Effects of the Great Recession on the Retirement Security of Older Workers," The ANNALS of the American Academy of Political and Social Science, , vol. 650(1), pages 124-142, November.
    10. Olivier Coibion & Yuriy Gorodnichenko & Dmitri Koustas, 2013. "Amerisclerosis? The Puzzle of Rising U.S. Unemployment Persistence," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 44(2 (Fall)), pages 193-260.

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