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The expected length of male retirement in the United States, 1850-1990

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  • Chulhee Lee

    ()
    (School of Economics, Seoul National University, San 56-1, Sillim-dong, Kwanak-gu, Seoul, KOREA)

Abstract

This paper estimates the expected length of retirement for each labor market cohort between 1850 and 1990. Since 1850, the expected length of retirement has increased by more than six-fold and now represents up to 30% of male length of life after entry into the labor force. The rise of the duration of retirement during the twentieth century is analyzed according to the effects of mortality decline and of decreased age of retirement. Implications of the result for a number of economic issues, including the relative importance of life-cycle savings and the potential saving effect of Social Security, are discussed.

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Bibliographic Info

Article provided by Springer in its journal Journal of Population Economics.

Volume (Year): 14 (2001)
Issue (Month): 4 ()
Pages: 641-650

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Handle: RePEc:spr:jopoec:v:14:y:2001:i:4:p:641-650

Note: Received: 22 September 1999/Accepted: 11 July 2000
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Related research

Keywords: Retirement; savings;

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Cited by:
  1. Rodolfo Manuelli & Ananth Seshadri & Yongseok Shin, 2012. "Lifetime Labor Supply and Human Capital Investments," Working Papers 2012-011, Human Capital and Economic Opportunity Working Group.
  2. Giovanni Prarolo & Francesco Lancia, 2007. "A Politico-Economic Model of Aging, Technology Adoption and Growth," Working Papers 2007.48, Fondazione Eni Enrico Mattei.
  3. Daishin Yasui, 2012. "Adult Longevity and Growth Takeoff," Discussion Papers 1218, Graduate School of Economics, Kobe University.
  4. Moshe Hazan, 2006. "Longevity and Lifetime Labor Input: Data and Implications," DEGIT Conference Papers c011_065, DEGIT, Dynamics, Economic Growth, and International Trade.
  5. Larry E. Jones & Alice Schoonbroodt, 2010. "Complements Versus Substitutes And Trends In Fertility Choice In Dynastic Models," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 51(3), pages 671-699, 08.
  6. Carl-Johan Dalgaard & Holger Strulik, 2012. "The Genesis of the Golden Age - Accounting for the Rise in Health and Leisure," Discussion Papers 12-10, University of Copenhagen. Department of Economics.
  7. Frank T. Denton & Christine H. Feaver & Byron G. Spencer, 2009. "Cohort Working Life Tables for Older Canadians," Social and Economic Dimensions of an Aging Population Research Papers 247, McMaster University.

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