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In 2000, 59.2% of adults ages 55 to 64 and 12.8% of adults ages 65 and older were in the labor force. Projections based on census data indicate that in 2050 those rates will be 60.3% for ages 55 to 64 and 13.4% for ages 65 plus. Given the size of these population groups, this increase in percentage points represents a significant increase in numbers. Despite increasing labor force participation rates projected for nearly all age groups, overall labor force participation is projected to fall from 67.2% (in 2000) to 61.5% (in 2050). (Toossi, 2002: 22).
Toossi, M. (2002, May). A century of change: The U.S. labor force, 1950-2050. Monthly Labor Review May, 125, 15-28.
"This article profiles and projects U.S. Labor Force Trends for a period of 100 years, from 1950 to 2050, on a decennial basis." (p.15)
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Email: age.work@bc.edu - Phone: 617.552.9195 - Fax: 617.552.9202
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