"The Get America Working! approach would work, in effect, by correcting a major price distortion. The current U.S. Internal Revenue Code taxes employment far more heavily than it does the use of natural resources. This distortion has grown progressively worse as payroll taxes have grown. Revising this distortion would increase employment, equity and overall economic vigor importantly. And it would do so by responding to market price signals, not through clumsy and expensive government interventions."
HIGH UNEMPLOYMENT AMONG OLDER WORKERS: Rising Senior Unemployment and the Need to Work at Older Ages
Date:
Mon, 10/05/2009
Source:
Urban Institute
Unemployment rates for older workers reached 9.7 percent in August 2009 -- the highest level in 26 years. Concerns about whether retirees will have enough money to live comfortably in later life appear to have discouraged early retirement. Instead, more older workers are remaining in the labor force and searching for work after they lose their jobs. The need for older adults to keep working raises the imperative for policies that help address the special challenges that older job seekers face. A new study from the Urban Institute addresses these issues.
