Tag: working longer
Today, the average retirement age for men is 64. The average retirement age is defined here is the age at which more than half of men are no longer participating in the labor force. The comparable age for women is 63. If people continue to retire at 63 or 64, they are going to fac…
The brief’s key findings are: The labor force activity of low-skilled men age 50-64 has declined significantly since 1960. The decline mirrors the growth of disability insurance, SSI, early retirement benefits, and employers’ preference for high-skilled workers. Health has improved for this group, but their disability-free life expectancy remains limited. So working until their mid-60s…