Archive: Kevin E. Cahill

older_workers_10

Abstract Aggregate data reveal a sizable increase in labor force participation rates since 2000 among American workers on the cusp of retirement, reverting back to levels for older men not seen since the 1970s.  While these aggregate numbers are useful in that they document overall trends, they do not elucidate the reasons behind workers’ decisions. …

Cheerful senior man at home looking at his mail

Introduction Social Security’s Earliest Eligibility Age (EEA) allows one to claim reduced benefits as early as age 62. For full benefits, individuals must wait until the Normal Retirement Age (NRA), which was traditionally 65 but is gradually increasing to 67. So, Americans have a choice to make when they reach their early 60s: claim a…