Myth of the Industrial Scrap Heap
A Revisionist View of Turn-of-the-Century American Retirement
Bibliographic Data
| ID | 4744699 |
|---|---|
| Authors | Susan B Carter (University of California, Riverside), Richard Sutch (University of California, Berkeley) |
| Year | 1996 |
| Volume | 56 |
| Issue | 1 |
| Pages | 5-38 |
| Publication date | 1996-03-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic History (JOURNAL) |
| Journal identifiers | ISSN: 0022-0507 • E-ISSN: 1471-6372 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s0022050700016004 |
| OpenAlex | W3121794150 |
| Language | EN |
| Citations received | 19 |
| References cited | 52 |
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 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 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
Census · Consumption (sociology) · Economics · Heap (data structure) · Investment (military) · Labour economics · Net worth · Political science · Scrap · Sociology · Demography · Finance · Financial Literacy, Pension, Retirement Analysis · Migration, Aging, and Tourism Studies · Retirement, Disability, and Employment
Patrimoine et retraite
Work amongst older men in Spain, 1900–1970
Long-Term Unemployment and Retirement in Early-Twentieth-Century America
Sectoral Shift and the Labor-Force Participation of Older Males in the United States, 1880–1940
Wealth accumulation motives
Fixing the Facts
Gender and Occupational Identity in a Canadian Census
Industrial Characteristics and Employment of Older Manufacturing Workers in the Early-Twentieth-Century United States
Confederate Veteran Pensions, Occupation, and Men’s Retirement in the New South
Labor Market Status of Older Males in the United States, 1880-1940
Wealth and the demand for life insurance
Farm Value and Retirement of Farm Owners in Early-Twentieth-Century America
One Kind of Freedom
Long-Term Changes in the Economic Activity of Older Males in Korea
The Natural Profits of Their Years of Labor
Thrifty Pensioners
The Decline of Intergenerational Coresidence in the United States, 1850 to 2000
After us, the deluge
Immigration, Labor Market Mobility, and the Earnings of Native-Born Workers
Race and slavery in the Western Hemisphere
Manpower in economic growth
Aging in the Past
The transformation of old age security
American inequality
Old Age in the New Land
Prairie Patrimony
The Economics of Labor Force Participation
Protecting Soldiers and Mothers
Rural-Urban Migration in the Tennessee Valley Between 1920 and 1930
The Trend in the Rate of Labor Force Participation of Older Men, 1870–1930
The Unemployment and Retirement of Older Men
Sample Designs and Sampling Errors
Rural Nonfarm Households
Old Age and the Search for Security
Societal Impact on Aging
Issues in Contemporary Retirement
Spurious Volatility in Historical Unemployment Data
The Decline in Male Labor Force Participation
The Role of Intergenerational Transfers in Aggregate Capital Accumulation
The Labor of Older Americans
The Shortening of the American Work Week
Is The Family Wealth Squandered? A Test of the Merry-Widow Model
Inheritance in America
The Transformation of Old Age Security
The Work Ethic in Industrial America, 1850-1920
Beyond Sixty-Five
Agricultural Decline and the Secular Rise in Male Retirement Rates
The Labor Force Participation of Older Americans in 1900
The Labor Force in the United States, 1890-1960
Retirement and Public Policy
The Work Ethic in Industrial America, 1850-1920
Life Course, Norms, and the Family System of Older Americans in 1900
The Role of Intergenerational Transfers and Life Cycle Saving in the Accumulation of Wealth
The Savings of Ordinary Americans
Manpower in Economic Growth
Age at marriage and proportions marrying
From Prairie to Corn Belt
Race and Slavery in the Western Hemisphere. Quantitative Studies
| Unique citing works | 19 |
|---|---|
| Citations per year | 0,63 |
| Citation span | 1996 - 2021 (26) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 15 |