Steven A. Sass

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In the early 1980s, Congress responded to the Social Security program’s long-term financing shortfall, in part, by raising the Full Retirement Age (FRA) from 65 to 67. When fully phased in, for those who turn 62 in 2022, workers will have to wait an additional two years to get the same monthly benefit. If they do not postpone claiming, the increase in the(More)
The conventional wisdom says that older workers are less likely to be displaced than younger workers. While true in the past, the conventional wisdom is no longer true today; the advantage that older workers had has disappeared. This loss of relative job security is troubling. Once displaced, older workers are less likely to be reemployed, have less time to(More)
The ability of older job-changers to find “suitable” employment affects both their current income and their ability to work long enough to secure an adequate retirement income. One measure of suitable employment is the range of occupations available to them. This brief, based on a recent study, assesses the extent to which occupational options narrow for(More)
Employers have long had a significant impact on by wanting to stay on the job at least two years past workers’ retirement prospects. Aside from Social that traditional retirement age; but 3) the employers Security, employer retirement income plans are the are lukewarm about creating opportunities for even most important source of income for the great(More)
Financial planning decisionss are fundamentally affective in nature; they are decisions related to money, longevity and quality of life. Over the next several decades people will be increasingly responsible for managing their own assets and investments, and they will be subject to the affective influences on active, personal decision-making. Many of these(More)
Job-changing among late-career workers increased steadily from the 1980s through the mid-2000s before declining somewhat in recent years. This study asks how the rise in jobchanging – which seems largely voluntary – affects retirement timing and whether this effect varies by a key measure of socioeconomic status: educational attainment. Workers presumably(More)
Alfred Chandler's analysis of the rise of managerial capitalism is today the dominant synthesis in U.S. business history. In the last two decades, however, stagnation has overcome the hero of the piece-American big business. No longer do Chandlerian managers and administrative structures dominate the national business cene. Seizing the initiative are(More)
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