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Does Retirement Age Impact Mortality?

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Author Info

  • Hernaes, Erik

    () (Ragnar Frisch Centre for Economic Research)

  • Markussen, Simen

    () (Ragnar Frisch Centre for Economic Research)

  • Piggott, John

    () (ARC Centre of Excellence in Population Ageing Research)

  • Vestad, Ola

    () (Ragnar Frisch Centre for Economic Research)

Abstract

This paper studies the relationship between retirement and mortality, using a unique administrative data set covering the full population of Norway. We make use of a series of retirement policy changes in Norway, which reduced the retirement age for a group of workers but not for others. By employing a difference-in-differences framework based on monthly birth cohort and treatment group status we first establish that the early retirement program significantly reduced the retirement age – this remains true when we account for program substitution, for example into the disability pension. Using instrumental variables estimation we find that retirement age has no effect on mortality.

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File URL: http://www.sv.uio.no/econ/english/research/memorandum/pdf-files/2012/Memo-19-2012.pdf
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Bibliographic Info

Paper provided by Oslo University, Department of Economics in its series Memorandum with number 19/2012.

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Length: 29 pages
Date of creation: 11 Jun 2012
Date of revision:
Handle: RePEc:hhs:osloec:2012_019

Contact details of provider:
Postal: Department of Economics, University of Oslo, P.O Box 1095 Blindern, N-0317 Oslo, Norway
Phone: 22 85 51 27
Fax: 22 85 50 35
Email:
Web page: http://www.oekonomi.uio.no/indexe.html
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Related research

Keywords: Retirement age; Mortality; Instrumental variables; Policy evaluation;

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References

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  1. Norma B. Coe & Gema Zamarro, 2008. "Retirement Effects on Health in Europe," Working Papers 588, RAND Corporation Publications Department.
  2. Espen Bratberg & Tor Helge Holmås & Øystein Thøgersen, 2004. "Assessing the effects of an early retirement program," Journal of Population Economics, Springer, vol. 17(3), pages 387-408, 08.
  3. Andreas Kuhn & Jean-Philippe Wuellrich & Josef Zweimüller, 2010. "Fatal attraction? Access to early retirement and mortality," IEW - Working Papers 499, Institute for Empirical Research in Economics - University of Zurich.
  4. Salm, Martin, 2009. "Does Job Loss Cause Ill Health?," IZA Discussion Papers 4147, Institute for the Study of Labor (IZA).
  5. Brockmann, Hilke & Müller, Rolf & Helmert, Uwe, 2009. "Time to retire - Time to die? A prospective cohort study of the effects of early retirement on long-term survival," Social Science & Medicine, Elsevier, vol. 69(2), pages 160-164, July.
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Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. [??]???????????????
    by himaginary in himaginaryの日記 on 2012-09-14 07:00:00
  2. Does the retirement age have an impact on when you die?
    by Economic Logician in Economic Logic on 2012-09-14 14:51:00
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Cited by:
  1. Sahlgren, Gabriel H., 2012. "Work ‘til You Drop: Short- and Longer-Term Health Effects of Retirement in Europe," Working Paper Series 928, Research Institute of Industrial Economics.

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