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opportunity cost, the objectives of economic agents, labour market issues, government intervention, income distribution, welfare
Has Covid-19 encouraged older workers to leave the labour force? Is there a problem of ‘excess retirements’ after the pandemic? A recent Federal Reserve report highlighted a rise in early retirements in the USA. The authors argue that over half of the increase is explained by the pandemic itself. Conversely, the British charity, the Centre for Ageing Better, has claimed that some people are unable to retire and are being forced to carry on working beyond their planned retirement age.
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