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The Labor of Older Americans: Retirement of Men On and Off the Job, 1870–1937

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  • Ransom, Roger L.
  • Sutch, Richard

Abstract

Labor force participation rates for American men sixty and over are estimated for the period 1870 through 1937. They suggest a higher frequency of retirement and quite different trends in the incidence of retirement than have usually been supposed. Evidence is also presented to establish that many older industrial workers changed to less renumerative and less demanding occupations late in their working life. This “on-the-job retirement” may have made the transition from employment to full retirement less sudden than today.

Suggested Citation

  • Ransom, Roger L. & Sutch, Richard, 1986. "The Labor of Older Americans: Retirement of Men On and Off the Job, 1870–1937," The Journal of Economic History, Cambridge University Press, vol. 46(1), pages 1-30, March.
    • Handle: RePEc:cup:jechis:v:46:y:1986:i:01:p:1-30_04
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    Cited by:

    1. Sebnem Kalemli-Ozcan & David Weil, 2010. "Mortality change, the uncertainty effect, and retirement," Journal of Economic Growth, Springer, vol. 15(1), pages 65-91, March.
    2. Laurence J. Kotlikoff & David A. Wise, 1988. "Pension Backloading, Wage Taxes, and Work Disincentives," NBER Chapters, in: Tax Policy and the Economy: Volume 2, pages 161-196, National Bureau of Economic Research, Inc.
    3. Tammy Schirle, 2008. "Why Have the Labor Force Participation Rates of Older Men Increased since the Mid-1990s?," Journal of Labor Economics, University of Chicago Press, vol. 26(4), pages 549-594, October.
    4. Jeffrey A. Miron & David N. Weil, 1998. "The Genesis and Evolution of Social Security," NBER Chapters, in: The Defining Moment: The Great Depression and the American Economy in the Twentieth Century, pages 297-322, National Bureau of Economic Research, Inc.
    5. 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.
    6. Gary M. Anderson & Dennis Halcoussis, 1996. "The Political Economy Of Legal Segregation: Jim Crow And Racial Employment Patterns," Economics and Politics, Wiley Blackwell, vol. 8(1), pages 1-15, March.
    7. George R. Boyer & Timothy P. Schmidle, 2009. "Poverty among the elderly in late Victorian England1," Economic History Review, Economic History Society, vol. 62(2), pages 249-278, May.
    8. Livio Di Matteo, 2008. "Wealth accumulation motives: evidence from the probate records of Ontario, 1892 and 1902," Cliometrica, Journal of Historical Economics and Econometric History, Association Française de Cliométrie (AFC), vol. 2(2), pages 143-171, July.

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