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Does retirement age impact mortality?

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  • Hernaes, Erik
  • Markussen, Simen
  • Piggott, John
  • Vestad, Ola L.

Abstract

The relationship between retirement and mortality is studied with a unique administrative data set covering the full population of Norway. A series of retirement policy changes in Norway reduced the retirement age for a group of workers but not for others. Difference-in-differences estimation based on monthly birth cohorts and treatment group status show that the early retirement programme significantly reduced the retirement age; this holds true also when we account for programme substitution, for example into the disability pension. Instrumental variables estimation results show no effect on mortality of retirement age; neither do estimation results from a hazard rate model.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Health Economics.

Volume (Year): 32 (2013)
Issue (Month): 3 ()
Pages: 586-598

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Handle: RePEc:eee:jhecon:v:32:y:2013:i:3:p:586-598

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Web page: http://www.elsevier.com/locate/inca/505560

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Keywords: Retirement age; Mortality; Instrumental variables; Policy evaluation;

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References

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  4. Norma B. Coe & Gema Zamarro, 2008. "Retirement Effects on Health in Europe," Working Papers 588, RAND Corporation Publications Department.
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Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. [??]???????????????
    by himaginary in himaginaryの日記 on 2012-09-14 07:00:00
  2. Does the retirement age have an impact on when you die?
    by Economic Logician in Economic Logic on 2012-09-14 14:51:00
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Cited by:
  1. Hallberg, Daniel & Johansson, Per & Josephson, Malin, 2014. "Early Retirement and Post Retirement Health," IZA Discussion Papers 8260, Institute for the Study of Labor (IZA).
  2. Bhuller, Manudeep & Mogstad, Magne & Salvanes, Kjell G., 2014. "Life Cycle Earnings, Education Premiums and Internal Rates of Return," IZA Discussion Papers 8316, Institute for the Study of Labor (IZA).
  3. Peter Eibich, 2014. "Understanding the Effect of Retirement on Health Using Regression Discontinuity Design," SOEPpapers on Multidisciplinary Panel Data Research 669, DIW Berlin, The German Socio-Economic Panel (SOEP).
  4. Sahlgren, Gabriel H., 2012. "Work ‘til You Drop: Short- and Longer-Term Health Effects of Retirement in Europe," Working Paper Series 928, Research Institute of Industrial Economics.

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