Abstract
The declining labour force participation of older men is one of the most dramatic transformations of modern labour markets. In all of the countries for which we have data, we are witnessing a persistent trend toward early retirement of men in their late fifties and early sixties. Unemployment and structural reorganization of the economy combine with societal decisions to allocate the benefits of increased productivity in the form of a shorter working life. Although the trend is general, countries differ as to when the trend began; how rapid the rate of decline; and how deeply the trend has penetrated to men in their mid-fifties.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Notes
In a recent study by Kohli, Rein et al. (1990) Time for Retirement (Cambridge University Press), we tried to answer the question of how was it possible for men and women to retire early when the normal age of retirement was 65 in most countries. We described the different institutional pathways that made early retirement possible and identified the key actors in the process.
Editor information
Editors and Affiliations
Copyright information
© 1993 A. B. Atkinson and Martin Rein
About this chapter
Cite this chapter
Rainwater, L., Rein, M. (1993). The Economic Well-being of Older Men in Six Countries. In: Atkinson, A.B., Rein, M. (eds) Age, Work and Social Security. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-22668-9_5
Download citation
DOI: https://doi.org/10.1007/978-1-349-22668-9_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-22670-2
Online ISBN: 978-1-349-22668-9
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)