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The labor supply of older American men

Author

Listed:
  • 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.

Suggested Citation

  • Alicia H. Munnell & Steven A. Sass, 2007. "The labor supply of older American men," Monograph, Federal Reserve Bank of Boston, number 52.
  • Handle: RePEc:fip:fedbmo:2007tlsooa
    as

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    File URL: http://www.bostonfed.org/economic/conf/conf52/conf52c.pdf
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    References listed on IDEAS

    as
    1. Song, Jae G. & Manchester, Joyce, 2007. "New evidence on earnings and benefit claims following changes in the retirement earnings test in 2000," Journal of Public Economics, Elsevier, vol. 91(3-4), pages 669-700, April.
    2. repec:aei:rpbook:24949 is not listed on IDEAS
    3. Andrew G. Biggs, 2011. "Social Security," Books, American Enterprise Institute, number 6033, September.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Robert W. Fairlie & Kanika Kapur & Susan Gates, 2016. "Job Lock: Evidence from a Regression Discontinuity Design," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 55(1), pages 92-121, January.
    2. Alonso-Ortiz, Jorge, 2014. "Social security and retirement across the OECD," Journal of Economic Dynamics and Control, Elsevier, vol. 47(C), pages 300-316.

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