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According to a 2006 analysis of Health and Retirement Study data for people over 50 from 1992-2004, 12% of "searchers" were still searching for a job 2 years later. "Another 14% still wanted a job, though they were no longer searching, and 24% no longer wanted nor were searching for a job." (p. 22)
Maestas, N., & Li, X. (2006). Discouraged workers? Job search outcomes of older workers. (Working Paper No. 133). Ann Arbor, MI: Michigan Retirement Research Center, University of Michigan. Retrieved December 3, 2007 from http://www.mrrc.isr.umich.edu/publications/Papers/pdf/wp133.pdf
In the context of a theoretical job search model, the researchers examine the decision to search for a job and the probability of transitioning to employment using a large sample of non-workers from the Health and Retirement Study (32,829), a longitudinal survey of Americans age 50 and older.
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