Oct 30 2011: Yesterday I was sitting next to a retired person on a flight who basically said he was so busy as a retired person that he now wished he had a regular job so he can rest a little. He has mining/instrumentation background and keeps getting called in for consulting gigs. Then he spends time with his grandkids and helps out with habitat for humanity, church, etc. In my opinion the issue is one of motivation and rewards. If retirees see an acceptable reward system while giving them the flexibility to address other priorities in their lives, I believe that they will happily contribute.
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A comment on Conversation: Motivate retirees into academic research - don't let all the wisdom go waste!