9/15/2010

Economists and policymakers are taking a closer look at trends among older workers, an effort that includes research for the Federal Reserve Bank of San Francisco. Questions about how workers 55 and older respond to the labor markets takes on urgency with data showing a surge in the number of the jobless applying for Social Security disability benefits, according to a blog post from The Economist. Fewer than 1% of new disability payment recipients return to work. "The exit from the labour force of lots of older workers would be good for the unemployment rate, but not necessarily good for the broader economy," the blog post noted.

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