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Based on a 2006 analysis of HRS data from 1992-2004, it is estimated "that about 13 percent of older jobseekers eventually becomes a discouraged worker (i.e., someone willing to work at the prevailing wage but unable to find a job)." (p. 27)
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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