Lifetime allocation of work and income;: Essays in the economics of aging

"With the onset of old age which we are led to expect precisely on the sixty-fifth birthday, work and income arrangements are dramatically altered for most people." Retirement as a life stage has become a phenomenon of such significance to studies of income allocation that the author calls for a reexamination of traditional distribution theory. The confrontation of economic ideology with economic reality is taking place under the banner of the guaranteed family income, one of the most controversial economic issues today.