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At age 62 and again at age 65, labor force participation drops by 5% for women and 7% for men


Labor force “participation fell substantially when individuals reach age 62 (the age they first become eligible for Social Security benefits) and again at age 65 (the age they become eligible for full Social Security benefits). In 2015, the rate for women fell by 4.6 percentage points at age 62 and by 4.8 percentage points at age 65. For men, the decreases at age 62 and age 65 were 7.3 percentage points and 6.5 percentage points, respectively,” according to a 2016 analysis of data from the Bureau of Labor Statistics.
        Hipple, S. F. (2016). Labor force participation: What has happened since the peak? Monthly Labor Review (September). Retrieved from this source.
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