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Labor Force Transitions at Older Ages
Report

Labor Force Transitions at Older Ages

Burnout, Recovery, and Reverse Retirement

Lindsay Jacobs and Suphanit Piyapromdee
Federal Reserve Board, 2016
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Editorial Rating

7

Qualities

  • Eye Opening
  • Background
  • Concrete Examples

Recommendation

As American baby boomers enter their retirement years, they’re considering their options: to continue working, to take on part-time positions or to stop working altogether. In this heavily statistical analysis, economists Lindsay Jacobs and Suphanit Piyapromdee identify some noteworthy trends – including those of a “burnout-recovery process” and “reverse retirement” – that might shed light on the future retirement patterns of American workers. getAbstract suggests this scholarly report to executives looking at their workforce dynamics and to career professionals thinking about their retirement choices.

Take-Aways

  • An analysis of retirement choices taken from a sample of American men reveals that more than 90% of those surveyed worked in their early fifties, but by the time they reached the age of 65, only about 50% were still employed.
  • More than one-third of the retirees surveyed chose to re-enter the workforce. Health and income events alone don’t satisfactorily explain this “reverse retirement.”
  • A high correlation exists between those claiming burnout as a reason to retire and a subsequent “burnout-recovery process” that explains their workforce re-entry.

About the Authors

Lindsay Jacobs is an economist at the Federal Reserve Board. Suphanit Piyapromdee is a lecturer in economics at University College London.

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