Closing the deficit [electronic resource] : how much can later retirement help? / Gary Burtless, Henry J. Aaron, editors.

Issued as part of UPCC book collections on Project MUSE.

Includes bibliographical references (pages 135-136) and index.

Preface -- Introduction / Gary Burtless and Henry J. Aaron -- 1. Who is delaying retirement" Analyzing the increase in employment amoung older workers Gary Burtless -- 2. Future labor force participation among the aged: forecasts from the Social Security Administration and the author / Gary Burtless -- 3. Impact of higher retirement ages on public budgets simulation results from DYNASIM3 / Karen E. Smith and Richard W. Johnson -- 4. Nudged, pushed, or mugged: policies to encourage older workers to retire later / Henry J. Aaron -- 5. Thoughts on working longer and retirement / John B. Shoven -- Contributors -- Index..

For the past two decades Americans over age 60 have increasingly delayed their withdrawal from the workforce, a reversal of a century-old trend toward early retirement. For instance, from 1991 to 2010 the employment rate increased by more than half among 68-year-old men and by about two-thirds among women of the same age. Using data from the Current Population Survey, Working Our Way out of the Deficit explores the historical trajectory of retirement and the labor force participation rate of older men and women. Who chooses to delay retirement? Have older workers delayed their departure from career jobs? How will working longer affect the outlook for the federal budget? Brookings economists Henry Aaron and Gary Burtless join with renowned colleagues to examine the impact of extended employment against the backdrop of the federal deficit problem.

Description based on print version record.