Monday, March 19, 2007
Older Workers: Should They Stay or Should They Go?
Boston College has released a report about policies to promote the labor force participation of older people. The report is quite candid about the cost disadvantages of older workers and cautious about policy recommendations. The potential recommendations are:
a. raise social security's earliest eligibility age
b. exempt older workers from social security payroll tax once they reach earliest eligibility age
c. make older workers more valuable to employers by increasing their skills
The authors conclude that none of these recommendation is likely, but I think that option c is the most politically feasible. Don't you?
Read the full report here.
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