The Evolution of Retirement: An American Economic History, 1880-1990 / Edition 1

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Overview

The Evolution of Retirement is the first comprehensive economic history of retirement in America. With life expectancies steadily increasing, the retirement rate of men over age 64 has risen drastically. Dora L. Costa looks at factors underlying this increase and shows the dramatic implications of her findings for both the general public and the U.S. government. Using statistical and demographic concepts, Costa explains trends in retirement data. Her examination sheds light on such important topics as rising incomes and retirement, work and disease, the job prospects of older workers, living arrangements of the elderly, the development of a retirement lifestyle, and pensions and politics. She concludes with a look into the future and further evolution of retirement, addressing perhaps the most vexing problem of retirement policy, the impact of the aging Baby Boom generation on the Social Security System.
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Editorial Reviews

Booknews
Overviews the economic history of retirement in the US and looks at factors underlying the increase in the retirement rate of men over age 64. Demonstrates that the rise of retirement is the result of a culmination of historical trends initiated more than a century ago, not the consequence of abrupt social or institutional change. Looks at the links between rising incomes and retirement, work and disease, job prospects of older workers, living arrangements of the elderly, the development of a retirement lifestyle, and pensions and politics. Annotation c. by Book News, Inc., Portland, Or.
Robert J. Samuelson
...Costa's central point [is that] retirement's expansion transcends government policy. It has a power all its own.
The New Republic.
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Product Details

Meet the Author

Dora L. Costa is professor of economics at the University of California, Los Angeles; associate director of the California Population Research Center; and a research associate and director of the Cohort Studies Working Group at the NBER.

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Table of Contents

Preface
1 The Problem of Old Age 1
2 The Evolution of Retirement 6
3 Income and Retirement 32
4 Work and Disease 60
5 The Older Worker 85
6 Displacing the Family 106
7 The Rise of the Leisured Class 133
8 Pensions and Politics 160
9 Looking to the Future 188
App. A Union Army Pensions and Civil War Records 197
References 213
Name Index 227
Subject Index 231
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