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

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Author Info
Martin Salm () (Mannheim Research Institute for the Economics of Aging (MEA))

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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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Publisher Info
Paper provided by Mannheim Research Institute for the Economics of Aging (MEA), University of Mannheim in its series MEA discussion paper series with number 07118.

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Date of creation: 16 Mar 2007
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Handle: RePEc:mea:meawpa:07118

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Postal: MEA - Mannheimer Forschungsinstitut Ökonomie und Demographischer Wandel, L13, 17, University of Mannheim, 68131 Mannheim
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Related research
Keywords: Health gradient; pensions; mortality; Union Army veterans;

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Find related papers by JEL classification:
I12 - Health, Education, and Welfare - - Health - - - Health Production
J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped
N41 - Economic History - - Government, War, Law, and Regulation - - - U.S.; Canada: Pre-1913

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References listed on IDEAS
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  5. Gerard J. van den Berg & Maarten Lindeboom & France Portrait, 2006. "Economic Conditions Early in Life and Individual Mortality," American Economic Review, American Economic Association, vol. 96(1), pages 290-302, March. [Downloadable!]
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  11. Adams, Peter & Hurd, Michael D. & McFadden, Daniel & Merrill, Angela & Ribeiro, Tiago, 2003. "Healthy, wealthy, and wise? Tests for direct causal paths between health and socioeconomic status," Journal of Econometrics, Elsevier, vol. 112(1), pages 3-56, January. [Downloadable!] (restricted)
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  12. Costa, Dora L., 2003. "Understanding mid-life and older age mortality declines: evidence from Union Army veterans," Journal of Econometrics, Elsevier, vol. 112(1), pages 175-192, January. [Downloadable!] (restricted)
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