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The expected length of male retirement in the United States, 1850-1990

Author

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  • Chulhee Lee

    (School of Economics, Seoul National University, San 56-1, Sillim-dong, Kwanak-gu, Seoul, KOREA)

Abstract

This paper estimates the expected length of retirement for each labor market cohort between 1850 and 1990. Since 1850, the expected length of retirement has increased by more than six-fold and now represents up to 30% of male length of life after entry into the labor force. The rise of the duration of retirement during the twentieth century is analyzed according to the effects of mortality decline and of decreased age of retirement. Implications of the result for a number of economic issues, including the relative importance of life-cycle savings and the potential saving effect of Social Security, are discussed.

Suggested Citation

  • Chulhee Lee, 2001. "The expected length of male retirement in the United States, 1850-1990," Journal of Population Economics, Springer;European Society for Population Economics, vol. 14(4), pages 641-650.
    • Handle: RePEc:spr:jopoec:v:14:y:2001:i:4:p:641-650
    Note: Received: 22 September 1999/Accepted: 11 July 2000
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    More about this item

    Keywords

    Retirement; savings;

    JEL classification:

    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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