The table below shows the percentage of men over the age of 65 who are still working. Even in 1950, 50% of the men older than 65 were actively at full-time work. Wow.
Participation in the labor force for men age 65 and up
1850 |
76.6 |
1860 |
76.0
|
1870 |
-- |
1880 |
78.0 |
1890 |
73.8 |
1900 |
65.4 |
1910 |
58.1 |
1920 |
60.1 |
1930 |
58.0 |
1940 |
43.5 |
1950 |
47.0 |
1960 |
40.8 |
1970 |
35.2 |
1980 |
24.7 |
1990 |
18.4 |
2000 |
17.5 |
Source Moen, John Essays on the labor force PhD dissertation,Univ of chicago, 1987
and Costa Dora the evolution of retirement Univ of Chicago Press, 1998
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