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Early retirement and post retirement health

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Author Info

  • Hallberg, Daniel

    ()
    (Uppsala Center for Labor Studies)

  • Johansson, Per

    (Uppsala Center for Labor Studies)

  • Josephson, Malin

    ()
    (the Swedish Social Insurance Inspectorate (ISF))

Abstract

This paper studies empirically the consequences of retirement on health. We make use of a targeted retirement offer to army employees 55 years of age or older. Before the offer was implemented in the Swedish defense, the normal retirement age was 60 years of age. Estimating the effect of the offer on individuals’ health within the age range 56-70, we find support for a reduction in both mortality and in inpatient care as a consequence of the early retirement offer. Increasing the mandatory retirement age may thus not only have positive government income effects but also negative effects on increasing government health care expenditures

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File URL: http://www.ucls.nek.uu.se/digitalAssets/297/297202_320145_updated-version.pdf
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Bibliographic Info

Paper provided by Uppsala University, Department of Economics in its series Working Paper Series, Center for Labor Studies with number 2014:5.

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Length: 42 pages
Date of creation: 04 Jun 2014
Date of revision:
Handle: RePEc:hhs:uulswp:2014_005

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Postal: Department of Economics, Uppsala University, P. O. Box 513, SE-751 20 Uppsala, Sweden
Phone: + 46 18 471 25 00
Fax: + 46 18 471 14 78
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Web page: http://www.nek.uu.se/
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Keywords: Health; mortality; inpatient care; retirement; health care; pensions; occupational pensions;

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References

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  1. Coe, N.B. & Lindeboom, M., 2008. "Does Retirement Kill You? Evidence from Early Retirement Windows," Discussion Paper 2008-93, Tilburg University, Center for Economic Research.
  2. Lori G. Kletzer, 1998. "Job Displacement," Journal of Economic Perspectives, American Economic Association, vol. 12(1), pages 115-136, Winter.
  3. Browning, Martin & Heinesen, Eskil, 2012. "Effect of job loss due to plant closure on mortality and hospitalization," Journal of Health Economics, Elsevier, vol. 31(4), pages 599-616.
  4. Black, Sandra & Devereux, Paul J. & Salvanes, Kjell G, 2013. "Losing Heart? The Effect of Job Displacement on Health," CEPR Discussion Papers 9276, C.E.P.R. Discussion Papers.
  5. Hernaes, Erik & Markussen, Simen & Piggott, John & Vestad, Ola, 2012. "Does Retirement Age Impact Mortality?," Memorandum 19/2012, Oslo University, Department of Economics.
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  7. Hult, Carl & Stattin, Mikael & Janlert, Urban & Järvholm, Bengt, 2010. "Timing of retirement and mortality - A cohort study of Swedish construction workers," Social Science & Medicine, Elsevier, vol. 70(10), pages 1480-1486, May.
  8. Kuhn, Andreas & Wuellrich, Jean-Philippe & Zweimüller, Josef, 2010. "Fatal Attraction? Access to Early Retirement and Mortality," CEPR Discussion Papers 8024, C.E.P.R. Discussion Papers.
  9. Bloemen, H.; & Hochguertel, S.; & Zweering, J.;, 2013. "The Causal Effect of Retirement on Mortality: Evidence from Targeted Incentives to Retire Early," Health, Econometrics and Data Group (HEDG) Working Papers 13/22, HEDG, c/o Department of Economics, University of York.
  10. Kerwin Kofi Charles, 2002. "Is Retirement Depressing?: Labor Force Inactivity and Psychological Well-Being in Later Life," NBER Working Papers 9033, National Bureau of Economic Research, Inc.
  11. Eliason, Marcus & Storrie, Donald, 2004. "Does job loss shorten life?," Working Papers in Economics 153, University of Gothenburg, Department of Economics, revised 17 Sep 2007.
  12. Eliason, Marcus & Storrie, Donald, 2009. "Job loss is bad for your health - Swedish evidence on cause-specific hospitalization following involuntary job loss," Social Science & Medicine, Elsevier, vol. 68(8), pages 1396-1406, April.
  13. Kristiina Huttunen & Jarle Møen & Kjell G. Salvanes, 2011. "How Destructive Is Creative Destruction? Effects Of Job Loss On Job Mobility, Withdrawal And Income," Journal of the European Economic Association, European Economic Association, vol. 9(5), pages 840-870, October.
  14. Coe, Norma B. & Zamarro, Gema, 2011. "Retirement effects on health in Europe," Journal of Health Economics, Elsevier, vol. 30(1), pages 77-86, January.
  15. Hans Bloemen & Stefan Hochguertel, 2013. "The Causal Effect of Retirement on Mortality - Evidence from Targeted Incentives to retire early," Tinbergen Institute Discussion Papers 13-119/V, Tinbergen Institute.
  16. Grossman, Michael, 1972. "On the Concept of Health Capital and the Demand for Health," Journal of Political Economy, University of Chicago Press, vol. 80(2), pages 223-55, March-Apr.
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