Older men: pushed into retirement in the 1970s and 1980s by the baby boomers?

TitleOlder men: pushed into retirement in the 1970s and 1980s by the baby boomers?
Publication TypeJournal Article
Year of Publication2012
AuthorsMacunovich, DJ
JournalMonthly Labor Review
Volume135
Issue5
Pagination3-18
KeywordsDemographics, Employment and Labor Force, Retirement Planning and Satisfaction
Abstract

The post-World War II baby boomers began entering the labor market in the late 1960s, and their number swelled though the 1970s and into the 1980s. Their large size, relative to the size of the cohort of workers ages 45-54, forced a whole host of dislocations for the boomers: high unemployment, low relative wages, and increasing proportions forced into part-time and part-year work. The peak of the baby boom had entered the labor force by 1985, but the dislocations did not end there, because the bottleneck created by those in the peak continued to block the later-born boomers who followed. As the same time that was happening, the retirement rate rose fairly dramatically in the 1970s and 1980s among men ages 55 and older, and their labor force participation rates fell accordingly. The article is an attempt to address the long-term trend of labor force participation and retirement among men ages 55-69 in the approximately four decades from 1968 through 2009.

Notes

Copyright - Copyright Superintendent of Documents May 2012 Language of summary - English Location - United States--US Pages - 3-18 ProQuest ID - 1024596989 Document feature - Graphs; Equations; Tables; References SubjectsTermNotLitGenreText - United States--US Last updated - 2012-07-13 CODEN - MLARAO Place of publication - Washington Corporate institution author - Macunovich, Diane J DOI - 2708952151; 70398782; 28847; MLARAO; MLR; INNNMLR0008006729

URLhttp://search.proquest.com.proxy.lib.umich.edu/docview/1024596989?accountid=14667http://mgetit.lib.umich.edu/?ctx_ver=Z39.88-2004andctx_enc=info:ofi/enc:UTF-8andrfr_id=info:sid/ProQ 3Aabiglobalandrft_val_fmt=info:ofi/fmt:kev:mtx:journalandrft.genre=unknow
Endnote Keywords

retirement rate/labor force participation/retirement planning/Baby boomers

Endnote ID

69528

Citation Key7730