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Health, Income, and Retirement: Evidence from Nineteenth-Century America

Published online by Cambridge University Press:  03 March 2009

Dora L. Costa
Dora L. Costa
Affiliation:
Massachusetts Institute of Technology
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Extract

The United States population has grown older. Increases in life expectancy and a low fertility rate have dramatically changed the composition of the population. This change in the age composition of the population has led to concerns over the viability of the Social Security system. One way to increase the solvency of the Social Security system would be to increase participation rates among the elderly.

Type
Summaries of Doctoral Dissertations
Information
The Journal of Economic History , Volume 55 , Issue 2 , June 1995 , pp. 374 - 375
Copyright
Copyright © The Economic History Association 1995

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References

1 Moen, Jon Roger, “Essays on the Labor Force and Labor Force Participation Rates: The United States from 1860 through 1950” (Ph.D. diss., the University of Chicago, 1987).Google Scholar See Ransom, Roger L. and Sutch, Richard, “The Labor of Older Americans: Retirement of Men On and Off the Job, 1870–1937, ” this Journal, 46 (03. 1986), pp. 1–30.Google Scholar

2 Matthews, Robert Charles Oliver, Feinstein, C. H., and Odling-Smee, John C., British Economic Growth, 1856–1973 (Oxford, 1982),Google Scholar table C.3; and Marchand, Oliver, Deux sièicles de travail en France (Paris, 1991).Google Scholar

3 See Bound, John, “The Health and Earnings of Rejected Disability Insurance Applicants, ” American Economic Review, 79 (06 1989), pp. 482–503,Google Scholar among others. In contrast, Parsons, Donald O., “The Decline in Male Labor Force Participation, ” Journal of Political Economy, 88 (02. 1980), pp. 117–34,Google Scholar finds a sizeable impact of social security payments on retirement rates.