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The Labor Supply of Older Americans

  • Alicia H. Munnell
  • Steven A. Sass

    ()

    (Center for Retirement Research, Boston College)

This paper summarizes what is known about the labor supply of older men, defined as those 55 and over. The topic is of great interest because older individuals will comprise a much greater portion of the population, so their labor supply 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 work than do at present, because retirement income systems are contracting and working longer is the only way for most to ensure financial security in their old age. The focus is on men, because women’s work patterns reflect the increasing participation of cohorts over time as well as the factors that affect retirement behavior.

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File URL: http://crr.bc.edu/working-papers/the-labor-supply-of-older-americans/
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Paper provided by Center for Retirement Research in its series Working Papers, Center for Retirement Research at Boston College with number wp2007-12.

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Length: 57 pages
Date of creation: Jun 2007
Date of revision: Jun 2007
Handle: RePEc:crr:crrwps:wp2007-12
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