Labor Market Status of Older Males in the United States, 1880-1940
This paper examines the labor market status of older males in the era of industrialization, focusing on the question of how the extent of pressure toward retirement varied across different occupations, and how it changed over time. A comparison of hazard of retirement across occupations shows that men who had better occupations in terms of economic status and work conditions were less likely to retire than were those with poorer jobs. This result tends to reject the recent view that retirement was more voluntary than forced as early as a century ago. The difficulty faced by older workers in the labor market, as measured by the relative incidence of long-term unemployment, was relatively severe among craftsmen, operatives, and salesmen. In constrast, aged farmers, professionals, managers, and proprietors appear to have fared well in the labor market. The pattern of shifts in the occupational structure that occurred between 1880 and 1940 suggests that industrialization had brought a growth of the sectors in which the pressure toward departure from employment at old ages was relatively strong.
|Date of creation:||Mar 2003|
|Publication status:||published as Lee, Chulhee. "Labor Market Status of Older Males in the United States, 1880-1940." Social Science History 29, 1 (2005): 77-105.|
|Contact details of provider:|| Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.|
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- Lee, Chulhee, 1999. "Farm Value and Retirement of Farm Owners in Early-Twentieth-Century America," Explorations in Economic History, Elsevier, vol. 36(4), pages 387-408, October.
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- Dora L. Costa, 1995. "Pensions and Retirement: Evidence from Union Army Veterans," The Quarterly Journal of Economics, Oxford University Press, vol. 110(2), pages 297-319. Full references (including those not matched with items on IDEAS)
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