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The interaction of delayed retirement initiative and the multilevel social health insurance system on physical health of older people in China

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  • Bocong Yuan
  • Jiannan Li
  • Wenqi Liang

Abstract

With many social challenges posed by an ageing population, the delayed retirement initiative has received wide attention from policymakers. However, China's current multi‐level social health insurance system seems not perfect and not ready for the delayed retirement initiative. The public are generally concerned that the benefits of late retirees cannot be well guaranteed. Using data from China Health and Retirement Longitudinal Study (CHARLS) and the chorological design (CHARLS‐2015 and ‐2018 waves), this study finds that (1) late retirement could be beneficial for physical health among older adults; (2) there have disparities between the effects of different social health insurances on physical health among older adults; (3) social health insurances could weaken the benefits of late retirement to physical health among older adults. Results imply that China's current multi‐level social medical insurance system may lag behind the proposed delayed retirement initiative and have policy limitations for late retirees.

Suggested Citation

  • Bocong Yuan & Jiannan Li & Wenqi Liang, 2022. "The interaction of delayed retirement initiative and the multilevel social health insurance system on physical health of older people in China," International Journal of Health Planning and Management, Wiley Blackwell, vol. 37(1), pages 452-464, January.
    • Handle: RePEc:bla:ijhplm:v:37:y:2022:i:1:p:452-464
    DOI: 10.1002/hpm.3352
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    References listed on IDEAS

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    1. Jiannan Li & Bocong Yuan, 2019. "Rural‐urban disparity in risk exposure to involuntary social health insurance transition in China: An investigation of chronic disease patients' mental health problems," International Journal of Health Planning and Management, Wiley Blackwell, vol. 34(4), pages 1760-1773, October.
    2. Heckman, James, 2013. "Sample selection bias as a specification error," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 31(3), pages 129-137.
    3. Esteban Calvo & Natalia Sarkisian & Christopher R. Tamborini, 2012. "Causal Effects of Retirement Timing on Subjective Physical and Emotional Health," The Journals of Gerontology: Series B, The Gerontological Society of America, vol. 68(1), pages 73-84.
    4. Huan Wang & Jianyuan Huang & Qi Yang, 2019. "Assessing the Financial Sustainability of the Pension Plan in China: The Role of Fertility Policy Adjustment and Retirement Delay," Sustainability, MDPI, vol. 11(3), pages 1-20, February.
    5. Ross Andel & Deborah Finkel & Nancy L. Pedersen, 2016. "Effects of Preretirement Work Complexity and Postretirement Leisure Activity on Cognitive Aging," The Journals of Gerontology: Series B, The Gerontological Society of America, vol. 71(5), pages 849-856.
    6. Che, Yi & Li, Xin, 2018. "Retirement and health: Evidence from China," China Economic Review, Elsevier, vol. 49(C), pages 84-95.
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    Cited by:

    1. Hongfeng Zhang & Peng Cheng & Lu Huang, 2023. "The Impact of the Medical Insurance System on the Health of Older Adults in Urban China: Analysis Based on Three-Period Panel Data," IJERPH, MDPI, vol. 20(5), pages 1-17, February.
    2. Zhenhua Zheng & Ning Sun & Liu Yang & Wanting Liu & Yingchen Lu & Yusu Chu & Hong Chen, 2023. "The socioeconomic status of adult children, intergenerational support, and the well-being of Chinese older adults," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-12, December.

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