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Statistics/Demographics - Labor Force Participation of Older Workers
The gender composition
of California's older workers is changing. The graph (above)
shows the percentage of labor force participation for men
and women, age 55 to 64 and age 65 and over, compared to
the general population in the same age cohort from 1980
to 1995.
Labor force participation of women age 55 to 64 steadily increased by eight percent from 1980 to 1995. This increasing pattern is only seen for women in this age group. Labor force participation of women age 65 and over remained low with only a one percent increase over this 15-year period.
Labor force participation of men age 55 to 64 fluctuated between 1980 to 1995, and decreased by six percent over this 15-year period. The highest labor force participation of men age 55 to 64 occurred in 1990, but decreased nine percent by 1995.
Labor force participation of men age 65 and over showed a slight increase of three percent from 1980 to 1995. The retirement age for men and women is also changing. Nationally, in the early 1990s the median age of retirement steadily decreased to age 62 for men and women. This trend may change as more Baby Boomers choose to stay in the work force past the "traditional" retirement age.
Labor force participation of women age 55 to 64 steadily increased by eight percent from 1980 to 1995. This increasing pattern is only seen for women in this age group. Labor force participation of women age 65 and over remained low with only a one percent increase over this 15-year period.
Labor force participation of men age 55 to 64 fluctuated between 1980 to 1995, and decreased by six percent over this 15-year period. The highest labor force participation of men age 55 to 64 occurred in 1990, but decreased nine percent by 1995.
Labor force participation of men age 65 and over showed a slight increase of three percent from 1980 to 1995. The retirement age for men and women is also changing. Nationally, in the early 1990s the median age of retirement steadily decreased to age 62 for men and women. This trend may change as more Baby Boomers choose to stay in the work force past the "traditional" retirement age.