Impact of the Great Recession on Retirement Trends in Industrialized Countries

Despite the severity of the Great Recession and the weak recovery that followed, the tendency for older workers to delay retirement and remain in the workforce accelerated in most industrial countries, including the United States, according to Gary Burtless and Barry Bosworth. In addition, the authors find that the average rate of increase in labor force participation among older workers slowed in only a handful of countries after the onset of the Great Recession.