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The Effect of Pensions on Longevity: Evidence from Union Army Veterans

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  • Salm, Martin

    ()
    (Tilburg University)

Abstract

This study uses changes in pension laws for Union Army veterans as a natural experiment to estimate the causal effect of pensions on longevity, and to examine potential pathways underlying such a relationship. We examine the effects of the pension laws of 1907 and 1912, which granted old-age pensions to Union Army veterans. Life expectancy for veterans, who received such a pension, increased by 0.5 years and 2.7 years, respectively. The effect of veteran pensions on longevity was large across wealth groups and size of city. Pensions reduced mortality for both acute and non-acute causes of death.

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Bibliographic Info

Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 2668.

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Length: 35 pages
Date of creation: Mar 2007
Date of revision:
Handle: RePEc:iza:izadps:dp2668

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Keywords: Union Army veterans; mortality; pensions; health gradient;

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Cited by:
  1. LEFEBVRE, Mathieu & PESTIEAU, Pierre & PONTHIERE, Grégory, 2011. "Measuring poverty without the mortality paradox," CORE Discussion Papers 2011068, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  2. Owen O'Donnell & Eddy Van Doorslaer & Tom Van Ourti, 2013. "Health and Inequality," Tinbergen Institute Discussion Papers 13-170/V, Tinbergen Institute.
  3. PESTIEAU, Pierre & PONTHIERE, Grégory, . "The public economics of increasing longevity," CORE Discussion Papers RP -2464, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  4. repec:hal:wpaper:halshs-00676492 is not listed on IDEAS
  5. Pierre Pestieau & Grégory Ponthiere, 2012. "On the Policy Implications of Changing Longevity," CESifo Working Paper Series 3926, CESifo Group Munich.
  6. repec:hal:wpaper:halshs-00622325 is not listed on IDEAS

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