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Labour Force Participation of the Elderly in Europe: The Importance of Being Healthy

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  • Kalwij, A.S.
  • Vermeulen, F.M.P.

    (Tilburg University, Center for Economic Research)

Abstract

In this paper we study labour force participation behaviour of individuals aged 50-64 in 11 European countries.The data are drawn from the new Survey of Health, Ageing and Retirement in Europe (SHARE).The empirical analysis shows that health is multi-dimensional, in the sense that different health indicators have their own significant impact on individuals' participation decisions.Health effects differ markedly between countries.A counterfactual exercise shows that improved health conditions may yield over 10 percentage points higher participation rates for men in countries like Austria, Germany and Spain, and for females in the Netherlands and Sweden.Moreover, we show that the declining health condition with age accounts considerably for the decline in participation rates with age.

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Bibliographic Info

Paper provided by Tilburg University, Center for Economic Research in its series Discussion Paper with number 2005-130.

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Date of creation: 2005
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Handle: RePEc:dgr:kubcen:2005130

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Keywords: SHARE; labour force participation; health; retirement;

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References

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  1. Richard Blundell & Costas Meghir & Sarah Smith, 2002. "Pension Incentives and the Pattern of Early Retirement," Economic Journal, Royal Economic Society, vol. 112(478), pages C153-C170, March.
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  8. Alan L. Gustman & Thomas L. Steinmeier, 2002. "The Social Security Early Entitlement Age in a Structural Model of Retirement and Wealth," NBER Working Papers 9183, National Bureau of Economic Research, Inc.
  9. Michaud, Pierre-Carl & Vermeulen, Frederic, 2004. "A Collective Retirement Model: Identification and Estimation in the Presence of Externalities," IZA Discussion Papers 1294, Institute for the Study of Labor (IZA).
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  11. Robin L. Lumsdaine & Olivia S. Mitchell, . "New Developments in the Economic Analysis of Retirement," Pension Research Council Working Papers 98-8, Wharton School Pension Research Council, University of Pennsylvania.
  12. Didier Blanchet & Thierry Debrand & Paul Dourgnon & Anne Laferrère, 2007. "Health, Ageing and Retirement in Europe," Economie et Statistique, Institut National de la Statistique et des Etudes Economiques, vol. 403, pages 3-18, December.
  13. Gustman, Alan L & Steinmeier, Thomas L, 2000. "Retirement in Dual-Career Families: A Structural Model," Journal of Labor Economics, University of Chicago Press, vol. 18(3), pages 503-45, July.
  14. James P. Smith, 1999. "Healthy Bodies and Thick Wallets: The Dual Relation between Health and Economic Status," Journal of Economic Perspectives, American Economic Association, vol. 13(2), pages 145-166, Spring.
  15. Blau, David M, 1998. "Labor Force Dynamics of Older Married Couples," Journal of Labor Economics, University of Chicago Press, vol. 16(3), pages 595-629, July.
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Cited by:
  1. Iuliia Sonina, 2012. "Microanalysis of retirement behavior in the Russian Federation," Post-Print dumas-00817699, HAL.
  2. Edwin van Gameren, 2008. "Labor Force Participation of Mexican Elderly: The Importance of Health," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 23(1), pages 89-127.
  3. Ajantha, Sisira Kumara & Tharaka, Sameera Senanayaka, 2012. "The Employment Status of the Elderly in Sri Lanka: Patterns and Determinants," MPRA Paper 42977, University Library of Munich, Germany, revised 30 Nov 2012.
  4. Dekkers, Gijs, 2008. "Are the old poor? A discussion and some cursory evidence," MPRA Paper 29436, University Library of Munich, Germany.
  5. Van Bui & Michael Stolpe, 2010. "The impact of new drug launches on the loss of labor from disease and injury: evidence from German panel data," International Journal of Health Care Finance and Economics, Springer, vol. 10(4), pages 315-346, December.
  6. Gisela Hostenkamp & Michael Stolpe, 2008. "The Social Costs of Health-related Early Retirement in Germany: Evidence from the German Socio-economic Panel," Kiel Working Papers 1415, Kiel Institute for the World Economy.

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