Chapter

Chapter Chapter <b>Older Workers: Employment and Retirement Trends</b>

Patrick Purcell

in Reinventing the Retirement Paradigm

Published in print August 2005 | ISBN: 9780199284603
Published online February 2006 | e-ISBN: 9780191603013 | DOI: http://dx.doi.org/10.1093/0199284601.003.0004
Chapter  Chapter   Older Workers: Employment and Retirement Trends

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This chapter begins by describing the aging of the US population and it summarizes historical data on older workers' labour force participation. It then considers information on older persons' employment and receipt of pension income, which are discussed in the context information on the proportion of workers who claim retired-worker benefits before the full retirement age (65 years and 4 months for people who reach age 65 in 2004). Recent proposals to promote phased retirement through amendments to sections of the Internal Revenue Code (IRC) that govern the taxation of pension income are discussed.

Keywords: labour force; employment; pensions; retirement benefits; taxation

Chapter.  5839 words.  Illustrated.

Subjects: Financial Markets

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