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Title: The Expected Length of Retirement in the United States, 1850-1990
Citation Type: Working Paper
Publication Year: 2005
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Abstract: The past century has witnessed a rapid rise in life-expectancy and a sharp fall in labor force participation rate (LFPR) of older males. At the beginning of this century, life-expectancy of males at age twenty was less than 42 years (Preston, Keyfitz, and Scheon 1972, 724), while it was longer than 53 years in 1990 (U.S. Department of Health and Human Services 1992a, 34). A century ago, 65 percent of males aged sixty-five or older were in the labor force (Moen 1987a); only 15 percent of men in the same age group participated in the labor force in 1993 (U.S. Bureau of the Census 1994, No. 615). The average duration of retirement should have increased over time as people retired earlier and lived longer than before on average....
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Authors: Lee, Chulhee
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Publication Number: 0013
Institution: University of Chicago
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Publisher Location: Chicago, IL
Data Collections: IPUMS USA
Topics: Aging and Retirement
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