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This work addresses a literature gap on how government economic impact payments (EIP) and labor force participation shaped pandemic-era economic outcomes for older adults. Using the Health and Retirement Study 2020 Core Survey and 2021 “Perspectives on the Pandemic” supplement (n=2167), results describe demographic patterns and show most recipients used EIP to repay existing debt or contribute to savings. Overall employment participation remained low with limited changes during the pandemic, while women received about 31% less than men, suggesting gender-linked labor and caregiving factors.",{"@graph":69,"@context":126},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/the-economic-implications-of-the-covid-19-pandemic-on-older-adults-in-the-us-issue-2-abstract/427312/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/the-economic-implications-of-the-covid-19-pandemic-on-older-adults-in-the-us-issue-2-abstract/427312.png","ImageObject",300,407,{"name":92,"@type":93},"Ivy","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-19","2026-09-29",true,{"@type":102,"interactionType":103,"userInteractionCount":29},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118,122],{"name":109,"@type":110,"acceptedAnswer":111},"What gap does the project address about older adults during the Covid-19 pandemic?","Question",{"text":112,"@type":113},"It targets the role of government economic impact payments (EIP) and how they relate to labor force participation for older adults during the pandemic.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"Which data sources are used to produce the results?",{"text":117,"@type":113},"The study uses the Health and Retirement Study’s 2020 Core Survey and the 2021 “Perspectives on the Pandemic” supplement.",{"name":119,"@type":110,"acceptedAnswer":120},"How did most respondents use the economic impact payments (EIP)?",{"text":121,"@type":113},"Most reported receiving an EIP and primarily using it to pay off existing debt, followed closely by contributing to savings.",{"name":123,"@type":110,"acceptedAnswer":124},"What does the research find about gender differences in EIP receipt?",{"text":125,"@type":113},"Women received about 31% less than men overall, and the differences may relate to labor division, labor force participation patterns, and caregiving responsibilities across the life course.","https://schema.org",{"og:url":83,"og:type":128,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":130,"canonical":83},"index,follow",{"doc_id":132,"site_id":62},427312,1790768008,{"code":4,"msg":5,"data":135},{"doc_id":132,"user_id":136,"nickname":92,"user_avatar":137,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":138,"file_id":139,"file_url":140,"file_type":141,"file_size":142,"view_count":29,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":14,"language":143,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":144,"faqs":145,"seo_title":146,"seo_description":67,"update_tm":147,"read_time":24},549758252649,"https://ap-avatar.wpscdn.com/avatar/8000253669c5317157?_k=1778319167496531819","684 Innovation in Aging, 2025, Vol. 9, No. S2  \nAbstract citation ID: igaf122.2336  \nTHE ECONOMIC IMPLICATIONS OF THE COVID-19 PANDEMIC ON OLDER ADULTS IN THE U.S  \nInnovation in Aging, 2025, Vol. 9, No. S2 685  \nMichael Vetter, MGH-Center for Optimal Aging and Serious Illness, Danvers, Massachusetts, United States  \nOlder adults were among those most disproportionately affected by the Covid-19 pandemic. Research over previous years has outlined the changes to health, loneliness, and long-term well-being outcomes, in addition to economic impacts. This project recognizes and addresses a gap in the literature pertaining to the role of government economic impact payments (EIP) and labor force participation during the pandemic for older adults.  \nLeveraging the Health and Retirement Study’s 2020 Core Survey and 2021 “Perspectives on the Pandemic” supplement, results highlight the demographic characteristics of the population of respondents (n = 2167) and the distribution of changes to economic and labor outcomes resulting from the pandemic. Most respondents noted having received an EIP and used this payment to primarily pay off existing debt, followed closely by contributing to savings. The majority were not working at the time of receipt and saw few changes to their economic situation throughout the pandemic. However, a stratified analysis of the payment amount showed that women received, overall, 31% less than men. Findings indicate that while labor force participation among this group was low, use of the economic payment indicates a need to address personal debt. Moreover, the gendered difference in total amount received may be the result of several factors, including the division of labor and labor force participation in older generations and the responsibilities of caregiving duties falling to women rather than men over the life course.","cbCaisQ7V9FCJSZf","https://ap.wps.com/l/cbCaisQ7V9FCJSZf","pdf",1185648,"English","# Abstract\n## Study purpose and literature gap\n## Data sources and sample characteristics\n## Key findings on EIP use and labor outcomes\n## Gender differences and interpretation","[{\"question\":\"What gap does the project address about older adults during the Covid-19 pandemic?\",\"answer\":\"It targets the role of government economic impact payments (EIP) and how they relate to labor force participation for older adults during the pandemic.\"},{\"question\":\"Which data sources are used to produce the results?\",\"answer\":\"The study uses the Health and Retirement Study’s 2020 Core Survey and the 2021 “Perspectives on the Pandemic” supplement.\"},{\"question\":\"How did most respondents use the economic impact payments (EIP)?\",\"answer\":\"Most reported receiving an EIP and primarily using it to pay off existing debt, followed closely by contributing to savings.\"},{\"question\":\"What does the research find about gender differences in EIP receipt?\",\"answer\":\"Women received about 31% less than men overall, and the differences may relate to labor division, labor force participation patterns, and caregiving responsibilities across the life course.\"}]","THE ECONOMIC IMPLICATIONS OF THE COVID-19 PANDEMIC ON OLDER ADULTS IN THE U.S - Issue 2 - Abstract | PDF",1790643487]