The Gerontologist, Vol 29, Issue 3 294-299, Copyright © 1989 by The Gerontological Society of America
Why older Americans stop working
CJ Ruhm
Recently economics researchers have suggested that most persons respond to
economic incentives in choosing when to retire, although a small percentage
exit the labor force because of deteriorating health. Although recent and
proposed changes in the social security system are likely to have only
small effects on retirement behavior, larger impacts could ensue from
altering the incentives implicit in many private pension plans. Little is
known about the transition process that follows the end of career jobs and
precedes retirement: this represents an important area for future research.
