Labor Force Participation among Indian Elderly: Does Health Matter?
AbstractThe 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.
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Bibliographic InfoPaper provided by The Australian National University, Australia South Asia Research Centre in its series ASARC Working Papers with number 2009-11.
Date of creation: 2009
Date of revision:
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self-reported health status; labour force participation; elderly; endogeneity; exogeneity; simultaneous equation model;
Find related papers by JEL classification:
- J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
- J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
- I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
- C35 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
This paper has been announced in the following NEP Reports:
- NEP-AGE-2009-07-11 (Economics of Ageing)
- NEP-ALL-2009-07-11 (All new papers)
- NEP-CWA-2009-07-11 (Central & Western Asia)
- NEP-DEV-2009-07-11 (Development)
- NEP-HEA-2009-07-11 (Health Economics)
- NEP-LAB-2009-07-11 (Labour Economics)
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