EUROPEAN PAPERS ON THE NEW WELFARE

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Phased Retirement: Who Opts for It and Toward What End?

1. Introduction

The workforce of the United States is ageing and will continue to age, a development that is contrary to historical trends. The labour force participation rate for those aged 65-plus declined steadily from the 1950s to the 1980s, reaching 10.8% in 1985. Then, however, it increased to 12.8% in 2000. By 2015, more than 16% of those aged 65 and older are expected to be in the labour force (Toossi, 2002; 2004). The median age of the labour force increased from aged 34.6 in 1982 to 40 in 2002. Read More