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Did They Jump or Were They Pushed? The Exit of Older Men from the London Labor Market, 1929–1931

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  • Baines, Dudley
  • Johnson, Paul

Abstract

We examine the income of older men in London around 1930, based on a large sample. The income of nonworking older men was substantially below that of men still working. We find no evidence that retirement rates increased at the state-penionable—unsurprisingly, since pension paryments provided less than a povertyline income. Less demanding or part-time work was unavailable. Hence we conclude that the decision of older manual workers to leave the labor market was determined primarily by the absence of appropriate employment opportunities, rather than the presence of substantial assets or nonlabor income.

Suggested Citation

  • Baines, Dudley & Johnson, Paul, 1999. "Did They Jump or Were They Pushed? The Exit of Older Men from the London Labor Market, 1929–1931," The Journal of Economic History, Cambridge University Press, vol. 59(4), pages 949-971, December.
    • Handle: RePEc:cup:jechis:v:59:y:1999:i:04:p:949-971_02
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    Cited by:

    1. Brian A'Hearn & Nicola Amendola & Giovanni Vecchi, 2016. "On Historical Household Budgets," Rivista di storia economica, Società editrice il Mulino, issue 2, pages 137-176.
    2. Kota Ogasawara, 2018. "Consumption smoothing in the working-class households of interwar Japan," Papers 1807.05737, arXiv.org, revised Feb 2024.
    3. Quanjer, Björn & Kok, Jan, 2019. "Homemakers and heights. Intra-household resource allocation and male stature in the Netherlands, 1860–1930," Economics & Human Biology, Elsevier, vol. 34(C), pages 194-207.

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