How are Employers Responding to an Aging Workforce?

29 Pages Posted: 13 Jan 2020 Last revised: 10 Apr 2022

See all articles by Robert L. Clark

Robert L. Clark

North Carolina State University - Poole College of Management

Beth Ritter

North Carolina State University

Date Written: January 2020

Abstract

The American population is aging and changes in the population’s age structure are leading to an aging of the nation’s workforce. In addition, changes to age specific participation rates are exacerbating the aging of the national labor force. An important challenge for firms and organizations is how does workforce aging affect labor costs, productivity and the sustainability of the organization. This paper examines employer responses to workforce aging including changes retirement policies, modification in working conditions, the adoption of phased retirement plans, and reforming other employee benefits.

Suggested Citation

Clark, Robert L. and Ritter, Beth, How are Employers Responding to an Aging Workforce? (January 2020). NBER Working Paper No. w26633, Available at SSRN: https://ssrn.com/abstract=3518246

Robert L. Clark (Contact Author)

North Carolina State University - Poole College of Management ( email )

Hillsborough Street
Raleigh, NC 27695-8614
United States
919-515-5560 (Phone)
919-515-5564 (Fax)

Beth Ritter

North Carolina State University ( email )

Hillsborough Street
Raleigh, NC 27695
United States

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