Part A of this report examines the causes of the labor market problems of older workers and the policies that could alleviate these problems. Chapter I presents an overview of the report, including a summary of findings and conclusions and recommendations for improving the employment conditions of older workers. Chapter II describes the general population and labor force trends over the last several decades and those projected for the future. Chapter III examines older workers' employment, unemployment, earnings, and income. It describes the extent and causes of the employment problems of older workers. Chapter IV discusses employer programs and practices and government programs designed to redress the employment problems of older Americans and to provide increased employment opportunities for these individuals. Chapter V describes the relationship of retirement decisions to various public and private policies. Chapter VI presents the major conclusions of the study. The report explains that for all older workers, decisions concerning training, employment, and retirement are interconnected; these interconnections are important because policies affecting any one of them have implications for the others. Part B briefly describes completed and ongoing projects, organized according to four National Commission for Employment Policy work groups: Programs and Policies Project, National Employment Policy and Older Americans Project, Changes in the Workplace Project, and Special Projects. (YLB)