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Did they jump or were they pushed?: the exit of older men from the London labour market, 1929 to 1931

By Dudley Baines and P. Johnson

Abstract

We examine the income of older men in London around 1930, based on a large sample. The income of nonworking older men was substantially below that of men still working. We find no evidence that retirement rates increased at the state-penionable unsurprisingly, since pension paryments provided less than a povertyline income. Less demanding or part-time work was unavailable. Hence we conclude that the decision of older manual workers to leave the labor market was determined primarily by the absence of appropriate employment opportunities, rather than the presence of substantial assets or nonlabor income

Topics: D204 Modern History
Publisher: Cambridge University Press
Year: 1999
DOI identifier: 10.1017/S0022050700024098
OAI identifier: oai:eprints.lse.ac.uk:7595
Provided by: LSE Research Online

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