Skip to main content

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

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.

This is a preview of subscription content, access via your institution.

Author information

Authors and Affiliations

Authors

Additional information

Received: 22 September 1999/Accepted: 11 July 2000

Rights and permissions

Reprints and Permissions

About this article

Cite this article

Lee, C. The expected length of male retirement in the United States, 1850–1990. J Popul Econ 14, 641–650 (2001). https://doi.org/10.1007/s001480100064

Download citation

  • Issue Date:

  • DOI: https://doi.org/10.1007/s001480100064

  • JEL classification: J11, J26
  • Key words: Retirement, savings