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Labor Force Participation among Indian Elderly: Does Health Matter?

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  • Manoj K Pandey

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    Abstract

    The paper analyzes the effect of health status on labour force participation for aged Indians. The potential endogeneity in health and labour force participation has been taken care of by using full information maximum likelihood (FIML) and estimation results are compared with alternative two-stage methods. Results show that health has a significant and positive effect on labour force participation of the aged. In order to keep enough supply of elderly in the labour market, sufficient health care is necessary and hence more investment in this sector is imperative.[MPRA Paper No. 15394]

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    Bibliographic Info

    Paper provided by eSocialSciences in its series Working Papers with number id:1987.

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    Date of creation: May 2009
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    Handle: RePEc:ess:wpaper:id:1987

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    Keywords: self-reported health status; labour force participation; elderly; endogeneity; exogeneity; simultaneous equation model;

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    Cited by:
    1. Manoj K. Pandey, 2013. "Elderly's Health Shocks and Household's Ex-ante Poverty in India," ASARC Working Papers, The Australian National University, Australia South Asia Research Centre 2013-01, The Australian National University, Australia South Asia Research Centre.

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