1.

Record Nr.

UNINA9910790684803321

Titolo

Closing the deficit : how much can later retirement help? / / Gary Burtless and Henry J. Aaron, editors

Pubbl/distr/stampa

Washington, D.C. : , : Brookings Institution Press, , [2013]

©2013

ISBN

0-8157-0442-9

Descrizione fisica

1 online resource (153 p.)

Altri autori (Persone)

BurtlessGary T. <1950->

AaronHenry J

Disciplina

331.3980973

Soggetti

Retirement - Government policy - United States

Retirement - Economic aspects - United States

Budget deficits - United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Preface -- Introduction / Gary Burtless and Henry J. Aaron -- 1. Who is delaying retirement" Analyzing the increase in employment among older workers Gary Burtless -- 2. Future labor force participation among the aged: forecasts from the Social Security Administration and the author / Gary Burtless -- 3. Impact of higher retirement ages on public budgets simulation results from DYNASIM3 / Karen E. Smith and Richard W. Johnson -- 4. Nudged, pushed, or mugged: policies to encourage older workers to retire later / Henry J. Aaron -- 5. Thoughts on working longer and retirement / John B. Shoven -- Contributors -- Index..

Sommario/riassunto

For the past two decades Americans over age 60 have increasingly delayed their withdrawal from the workforce, a reversal of a century-old trend toward early retirement. For instance, from 1991 to 2010 the employment rate increased by more than half among 68-year-old men and by about two-thirds among women of the same age. Using data from the Current Population Survey, Working Our Way out of the Deficit explores the historical trajectory of retirement and the labor force participation rate of older men and women. Who chooses to delay retirement? Have older workers delayed their departure from career



jobs? How will working longer affect the outlook for the federal budget? Brookings economists Henry Aaron and Gary Burtless join with renowned colleagues to examine the impact of extended employment against the backdrop of the federal deficit problem.