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The labor supply of older American men

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  • Alicia H. Munnell
  • Steven A. Sass

Abstract

This chapter summarizes what is known about the labor supply of older American men, defined as those aged 55 years and over. The topic is of great interest because in the coming decades older individuals will comprise a much greater portion of the U.S. population, so the labor supply of older adults will have a significant impact on national output, tax revenues, and the cost of means-tested programs. Most importantly, a greater proportion of older individuals will need to remain in the workforce than is the present case, because the retirement income system is contracting and working longer is the only way for most people to ensure financial security in their old age. The paper’s focus is on men, because women’s work patterns are changing and increasingly reflect the work patterns of men.

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File URL: http://www.bostonfed.org/economic/conf/conf52/conf52c.pdf
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Bibliographic Info

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This book is provided by Federal Reserve Bank of Boston in its series Monograph with number 52 and published in 2007.

Handle: RePEc:fip:fedbmo:2007tlsooa

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Related research

Keywords: Labor supply ; Baby boom generation ; Older people;

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  1. Andrew G. Biggs, 2011. "Social Security," Books, American Enterprise Institute, number 24949, December.
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Cited by:
  1. Alonso-Ortiz, Jorge, 2010. "Social security and retirement across the OECD," MPRA Paper 35619, University Library of Munich, Germany, revised 13 Dec 2011.

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