Reversing the Trend Toward Early Retirement (Book Review)

December 1982
Education;Winter82, Vol. 103 Issue 2, p178
Book Review
Reversing the Trend Toward Early Retirement. Robert L. Clark, and David T. Barker. American Enterprise Institute. Washington, D.C. 1981. 64 pp. The authors examine why more and more older men have tended to drop out of the labor force since World War II. As a result of this trend, costs of public and private sector retirement programs have been increasing steadily for decades. Although the participation of women in the labor force has increased, the Bureau of Labor Statistics projects that the overall participation rate for both older men and women will continue downward until 1990. The authors analyze determinants of early retirement decisions and examine whether future changes in these factors will reverse the trend toward early retirement. They propose modifications in the social security system that will reduce the tax burden and encourage continued employment until a later age.


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