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Key Findings Details

Forecasting Labor Force Participation and Economic Resources of the Early Baby Boomers
by Pierre-Carl Michaud and Susann Rohwedder
WP 2008-175
  • We find that Early Baby Boomers (those born 1948 to 1953) will work longer and claim Social Security later than the original HRS cohort (those born 1931 to 1941).
  • Between ages 55 and 63, the fraction of women working full-time is predicted to be almost 10 percent higher on average; from age 64 to 66 it is about 5 percent higher than that of the HRS cohort.
  • The differences for men appear mostly in their sixties and seventies; they amount to increases in full-time work of about 5 percentage points on average.