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                       From the Federal Daily www.FederalDaily.com                         

Earlier Retirements Tailing Off

If the careers of older feds track what’s happening in the overall U.S. workforce, the predicted wave of agency retirements could be less than expected.

According to recently released report by the Carsey Institute at the University of New Hampshire, the proportion of older Americans working for pay has been growing in the past decade after years of decline. For example, 17 percent of men and 9 percent of women age 65 and over were in the labor force in 1995, but by 2009, that had increased to 22 percent of men and 13 percent of women, the study said.

The study found that workers with college degrees, men, and divorced urban women are more likely to work past traditional retirement age, and that women with college degrees have shown the most rapid increase in working at older ages—22 percent were working in 2009, up from 14 percent in 1995.

The study noted that a lot of these older workers work on a part-time basis, but nearly half of working men and more than one-third of working women 65 and over work full-time, year-round.

It’s not clear whether this trend is temporary, or a reversal of the decades-long decline in work at older ages. Labor force participation changed significantly in latter part of 20th Century. The participation rates of men age 70 and over fell from 21 percent in 1963 to 11 percent in 1990. The rate for women age 70 and older decreased from 5.9 percent in 1963 to 4.7 percent in 1990, the report said.

To see more, go to:
 www.carseyinstitute.unh.edu/publications/IB_Shattuck
_Older_Workers.pdf.