Levine and Coile note that in recent years the retirement effect caused by unemployment has been concentrated among less-educated groups.
FORBES: Gulf Between Rich And Poor Seniors Could Widen
2.
But a later one by Courtney Coile and Phillip Levine, both of Wellesley College, found that the stockmarket boom in the 1990s and its subsequent bust had no measurable impact on overall labour supply.
ECONOMIST: Older workers and the recession
3.
Levine and Coile predict that the increase in retirement as a result of the current financial troubles will be 50% greater than the decrease in retirement due to workers hanging in while they rebuild their savings.
FORBES: Gulf Between Rich And Poor Seniors Could Widen