Maarten Lindeboom () (University of Amsterdam - Department of Economics) Marcel Kerkhofs () (OSA Institute for Labour Studies, Tilburg University)
Abstract
This paper explores the interrelation between health and work decisions of older workers. For this, two issues are of relevance. Firstly, health and work may be endogenously related because of direct effects of health on work and vice versa, and because of unobservables that may relate observed health and work outcomes. Secondly, social surveys usually contain self-assessed health measures and research indicates that these may be affected by endogenous, state-dependent, reporting behavior. A solution to the 'Health and Retirement Nexus' requires an integrated model for work decisions, health production and health-reporting mechanisms. We formulate such a model and estimate it on a longitudinal dataset of Dutch elderly.
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Publisher Info
Paper provided by Tor Vergata University, CEIS in its series CEIS Research Paper with number
46.
Length: 47 Date of creation: 16 Feb 2004 Date of revision: Handle: RePEc:rtv:ceisrp:46
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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
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