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Does postponing minimum retirement age improve healthy behaviors before retirement? Evidence from middle-aged Italian workers

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  • Bertoni, Marco
  • Brunello, Giorgio
  • Mazzarella, Gianluca

Abstract

By increasing the residual working horizon of employed individuals, pension reforms that rise minimum retirement age can affect individual investment in health-promoting behaviors before retirement. Using the expected increase in minimum retirement age induced by a 2004 Italian pension reform and a difference-in-differences research design, we show that middle-aged Italian males affected by the reform reacted to the longer working horizon by increasing regular exercise, with positive consequences for obesity and self-reported satisfaction with health.

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  • Bertoni, Marco & Brunello, Giorgio & Mazzarella, Gianluca, 2018. "Does postponing minimum retirement age improve healthy behaviors before retirement? Evidence from middle-aged Italian workers," Journal of Health Economics, Elsevier, vol. 58(C), pages 215-227.
    • Handle: RePEc:eee:jhecon:v:58:y:2018:i:c:p:215-227
    DOI: 10.1016/j.jhealeco.2018.02.011
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    More about this item

    Keywords

    Retirement; Working horizon; Healthy behaviors; Pension reforms;
    All these keywords.

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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