Rethinking Retirement in the Context of an Aging Workforce

As the baby boomers begin to retire in great numbers later this decade, there will not be enough workers in younger age categories to replace them. In this review, an attempt is made to integrate the demographics of an aging workforce with the projected economic revitalization. Implications are discussed regarding the concept of retirement and the paradox of an oversized generation preparing to retire in the context of extended life expectancies and projected worker shortages.