Older households need to save more money for retirement, possibly by working longer. But, the same labor market pressures that have made it harder for people to save, such as increasingly unstable labor markets, have also made it more difficult for people to work longer as wage and salary...

Entrepreneurship has declined among younger households, those headed by somebody less than 50 years old, while it has increased among older households over the past two decades. We explore whether this divergence in entrepreneurial activity could be linked to different experiences with income...