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Retirement and health: Evidence from England

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  • Rose, Liam

Abstract

This paper utilizes census records, inpatient records, comprehensive surveys, and mortality records from England to trace out the effect of reaching retirement age on retirement status and health outcomes. Applying a regression discontinuity design leveraging the pension age, I find that retirement substantially improves well-being and reported health. I find no immediate effect of retirement on behavioral outcomes and no evidence of changes to cognitive ability, utilization, or mortality. While prior literature has considered the effects of retirement on specific outcomes, this paper systematically examines the full range of health-related outcomes with administrative and survey data in a unified context.

Suggested Citation

  • Rose, Liam, 2020. "Retirement and health: Evidence from England," Journal of Health Economics, Elsevier, vol. 73(C).
    • Handle: RePEc:eee:jhecon:v:73:y:2020:i:c:s0167629619310586
    DOI: 10.1016/j.jhealeco.2020.102352
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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Chris Sampson’s journal round-up for 5th October 2020
      by Chris Sampson in The Academic Health Economists' Blog on 2020-10-05 11:00:05

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    Cited by:

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    3. Zhaoxue Ci, 2022. "Does raising retirement age lead to a healthier transition to retirement? Evidence from the U.S. Social Security Amendments of 1983," Health Economics, John Wiley & Sons, Ltd., vol. 31(10), pages 2229-2243, October.
    4. Koryu Sato & Haruko Noguchi & Kosuke Inoue, 2023. "Heterogeneous Treatment Effect of Retirement on Cognitive Function," Working Papers 2306, Waseda University, Faculty of Political Science and Economics.
    5. Mohamed Ebeid & Umut Oguzoglu, 2023. "Short‐term effect of retirement on health: Evidence from nonparametric fuzzy regression discontinuity design," Health Economics, John Wiley & Sons, Ltd., vol. 32(6), pages 1323-1343, June.
    6. Martinez-Jimenez, M. & Hollingsworth, B. & Zucchelli, E., 2021. "Health, Retirement and Economic Shocks," Health, Econometrics and Data Group (HEDG) Working Papers 21/11, HEDG, c/o Department of Economics, University of York.
    7. Jan C. van Ours, 2022. "How Retirement Affects Mental Health, Cognitive Skills and Mortality; An Overview of Recent Empirical Evidence," De Economist, Springer, vol. 170(3), pages 375-400, August.
    8. Koryu Sato & Haruko Noguchi, 2023. "Impact of Retirement on Health: Evidence from 35 Countries," Working Papers 2301, Waseda University, Faculty of Political Science and Economics.
    9. Vandenberghe Vincent, 2021. "Differentiating retirement age to compensate for health differences," IZA Journal of Labor Policy, Sciendo & Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 11(1), pages 1-34, May.
    10. Nguyen, Cuong Viet & Tarp, Finn, 2023. "Cash Transfers and Labor Supply: New Evidence on Impacts and Mechanisms," GLO Discussion Paper Series 1243, Global Labor Organization (GLO).
    11. Anikó Bíró & Réka Branyiczki & Péter Elek, 2021. "The Effect of Involuntary Retirement on Healthcare Use and Health Status," CERS-IE WORKING PAPERS 2122, Institute of Economics, Centre for Economic and Regional Studies.
    12. Barschkett, Mara & Geyer, Johannes & Haan, Peter & Hammerschmid, Anna, 2022. "The effects of an increase in the retirement age on health — Evidence from administrative data," The Journal of the Economics of Ageing, Elsevier, vol. 23(C).
    13. Clémentine Garrouste & Elsa Perdrix, 2022. "Is there a consensus on the health consequences of retirement? A literature review," Journal of Economic Surveys, Wiley Blackwell, vol. 36(4), pages 841-879, September.
    14. Anikó Bíró & Réka Branyiczki & Péter Elek, 2022. "The effect of involuntary retirement on healthcare use," Health Economics, John Wiley & Sons, Ltd., vol. 31(6), pages 1012-1032, June.

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    More about this item

    Keywords

    Retirement; Labor force participation; Health; Pensions;
    All these keywords.

    JEL classification:

    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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