The Labor Supply of Older Americans

Alicia Munnell and Steven Sass ()

Working Papers, Center for Retirement Research at Boston College from Center for Retirement Research

Abstract: 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.

Pages: 57 pages
Date: 2007-06, Revised 2007-06
New Economics Papers: this item is included in nep-age and nep-lab
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Citations: View citations in EconPapers (13)

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