IDEAS home Printed from
   My bibliography  Save this article

Toward Explaining Earlier Retirement after 1970


  • Richard A. Ippolito


This study investigates why, after 15 years of virtual stability, U.S. labor force participation rates for men aged 55 to 64 fell by approximately 20% from 1970 through 1986. The author's analysis of rule changes in the social security system and pension plans suggests that part of this reduction was caused by an increase in social security benefits by almost 50% during the 1970s (half of which is not reflected in legislation), which worked to create unexpected wealth effects similar to those that characterized the system during the early 1950s; but an equally important cause was a widespread change in private pension plan rules toward encouraging earlier retirement. These conclusions challenge the common notion that earlier retirement is largely a supply-side phenomenon.

Suggested Citation

  • Richard A. Ippolito, 1990. "Toward Explaining Earlier Retirement after 1970," ILR Review, Cornell University, ILR School, vol. 43(5), pages 556-569, October.
  • Handle: RePEc:sae:ilrrev:v:43:y:1990:i:5:p:556-569

    Download full text from publisher

    File URL:
    Download Restriction: no


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Idson, Todd L & Valletta, Robert G, 1996. "Seniority, Sectoral Decline, and Employee Retention: An Analysis of Layoff Unemployment Spells," Journal of Labor Economics, University of Chicago Press, vol. 14(4), pages 654-676, October.
    2. Peracchi, Franco & Welch, Finis, 1994. "Trends in Labor Force Transitions of Older Men and Women," Journal of Labor Economics, University of Chicago Press, vol. 12(2), pages 210-242, April.
    3. Margaret A. Denton & Parminder Raina & Jason Lian & Amiram Gafni & Anju Joshi & Susan French & Carolyn Rosenthal & Don Willison, 1997. "The Role of Health and Age in Financial Preparations for Later Life," Independence and Economic Security of the Older Population Research Papers 21, McMaster University.

    More about this item


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:ilrrev:v:43:y:1990:i:5:p:556-569. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (SAGE Publications). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.