In this chapter we review recent economic research on [changes in retirement and labor force behavior of the elderly in the United States] and outline the areas we think need additional research....We first document some worldwide trends in labor force participation at older ages and review the literature that has attempted to explain them. We find that although most workers have a choice with respect to retirement age the choice is constrained by personal health factors government retirement and disability policies and employer pension plans....We end by suggesting how labor force behavior may change as new cohorts of older workers emerge in the next century and outlining the research and data that will be needed to track this behavior. (EXCERPT)
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