Working Paper. Patrick Purcell. Excerpt: The number of people retiring each year affects the size of the labor force, which has a direct impact on the economy's capacity to produce goods and services. Other things equal, fewer retirements in any given year would result in a greater supply of experienced workers available to employers and fewer people relying on savings, pensions, and social security as their main sources of income. [WP2004-11]  MORE >>