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The Evolution of Retirement: Summary of a Research Project
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The Evolution of Retirement: Summary of a Research Project
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The Evolution of Retirement: Summary of a Research Project
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Journal Article
The Evolution of Retirement: Summary of a Research Project
1998
Overview
Retirement rates of older men, both in the US and in Europe, have been rising for more than a century. In 1889, the majority of men older 64 toiled in the labor force. The fraction in the labor force has fallen steadily, and continuously, so that those men left in the labor force today are in the minority. This paper summarizes the results of a research project (Costa, 1998) on the evolution of retirement that uses Civil War records to compare the retirement experience of the cohort that reached age 65 at the beginning of the 20th century with that of later cohorts.
