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来源类型Working Paper
规范类型报告
DOI10.3386/h0073
来源IDHistorical Working Paper 0073
Myth of the Industrial Scrap Heap: A Revisionist View of Turn-of-the- Century American Retirement
Susan B. Carter; Richard Sutch
发表日期1995-10-01
出版年1995
语种英语
摘要Using the census survival method to calculate net flows across employment states between 1900 and 1910, we find that approximately one-fifth of all men who reached the age of 55 eventually retired before their death. Many of these retirees appear to have planned their withdrawal from paid employment by accumulating assets, becoming self-employed, and then liquidating their assets to provide a stream of income to finance consumption in old age. This `modern' retirement behavior, we argue, has important implications for the economic history of capital and labor markets, of saving and investment, of insurance and pensions, and of the family economy.
URLhttps://www.nber.org/papers/h0073
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/562730
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Susan B. Carter,Richard Sutch. Myth of the Industrial Scrap Heap: A Revisionist View of Turn-of-the- Century American Retirement. 1995.
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