chapter  15
7 Pages

Optimizing Older Workforces

ByLaura L. Carstensen, Michaela E. Beals, Martha Deevy

Work is changing in important ways as we enter the 21st century. Rather than seeing retirement age continue to fall, as it did throughout the second half of the 20th century, retirement age has begun to tick upward. In 2000, 32.4% of people aged 55+ were in the labor force; by 2010, this number had climbed to 40.2% (Toosi, 2012). Surveys of boomers find that a significant number expect to work past traditional retirement age (Helman, 2014), and the evidence so far suggests that their expectations may well come to pass.