Does Retirement Kill You? Evidence from Early Retirement Windows
AbstractThe effect that health has on the retirement decision has long been studied. We examine the reverse relationship, whether retirement has a direct impact on later-life health. To identify the causal relationship, we use early retirement window offers to instrument for retirement. We find no negative effects of early retirement on men’s health, and if anything, a temporary increase in self-reported health and improvements in health of highly educated workers. While this is consistent with previous literature using Social Security ages as instruments, we also find that anticipation of retirement might be important, and bias the previous estimates downwards.
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Bibliographic InfoPaper provided by Tilburg University, Center for Economic Research in its series Discussion Paper with number 2008-93.
Date of creation: 2008
Date of revision:
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Web page: http://center.uvt.nl
retirement; depression; self-reported health; heart attack; cancer; diabetes; instrumental variables;
Other versions of this item:
- Coe, Norma B. & Lindeboom, Maarten, 2008. "Does Retirement Kill You? Evidence from Early Retirement Windows," IZA Discussion Papers 3817, Institute for the Study of Labor (IZA).
- J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
- I10 - Health, Education, and Welfare - - Health - - - General
This paper has been announced in the following NEP Reports:
- NEP-AGE-2009-01-31 (Economics of Ageing)
- NEP-ALL-2009-01-31 (All new papers)
- NEP-HAP-2009-01-31 (Economics of Happiness)
- NEP-HEA-2009-01-31 (Health Economics)
- NEP-LAB-2009-01-31 (Labour Economics)
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