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Title: Economic History of Retirement in the United States

Citation Type: Miscellaneous

Publication Year: 2014

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Abstract: One of the most striking changes in the American labor market over the twentieth century has been the virtual disappearance of older men from the labor force. Moen (1987) and Costa (1998) estimate that the labor force participation rate of men age 65 and older declined from 78 percent in 1880 to less than 20 percent in 1990 (see Table 1). In recent decades, the labor force participation rate of somewhat younger men (age 55-64) has been declining as well. When coupled with the increase in life expectancy over this period, it is clear that men today can expect to spend a much larger proportion of their lives in retirement, relative to men living a century ago.

Url: http://www.eh.net/page/17/?s=federal+reserve

User Submitted?: No

Authors: Short, Joanna

Publisher: EH.net

Data Collections: IPUMS USA

Topics: Aging and Retirement

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