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August 1998, Vol. 121, No. 8
Senior research associate at the Center for Population Research, Georgetown University, Washington, DC.
The United States, Germany, Japan, and Sweden, all experienced a decline in the average age at which their workers retire and an increase in the duration of retirement. This article uses a cohort method of measuring the elderly's average age of exit from the labor force in specified periods. These exit ages are examined to see if they confirm with the notion that the average age of retirement differs significantly in these countries. The article also analyzes the changes in average duration of retirement and the potential impact of retirement changes on the future financial status of the public pension systems in these countries.
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