Under phased retirement, an older worker remains with his or her employer while gradually reducing work hours and effort. Although older workers often express an interest in phased retirement, actual occurrences are evidently rare. A possible explanation is that employers limit opportunities for...

This study examines the distribution of unemployment insurance benefits across income classes. The new data presented here support previous claims that a large share of unemployment insurance benefits flow to middle- and upper-income groups. The data also show, however, that earlier studies...

This paper presents a new form of evidence supporting the hypothesis that job opportunities decline with age. Segregation curves computed from the January 1983 Current Population Survey reveal that newly hired old workers tend to be clustered in a smaller set of industries and occupations than...