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The causal effect of retirement on health: New evidence from Australian pension reform

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  • Atalay, Kadir
  • Barrett, Garry F.

Abstract

The causal effect of retirement on health is studied using the Australian 1993 Age Pension reform to isolate exogenous variation in retirement status. Using instrumental variable methods we find that retirement has a positive impact on subjective and objective measures of health.

Suggested Citation

  • Atalay, Kadir & Barrett, Garry F., 2014. "The causal effect of retirement on health: New evidence from Australian pension reform," Economics Letters, Elsevier, vol. 125(3), pages 392-395.
    • Handle: RePEc:eee:ecolet:v:125:y:2014:i:3:p:392-395
    DOI: 10.1016/j.econlet.2014.10.028
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    References listed on IDEAS

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    1. Bonsang, Eric & Adam, Stéphane & Perelman, Sergio, 2012. "Does retirement affect cognitive functioning?," Journal of Health Economics, Elsevier, vol. 31(3), pages 490-501.
    2. Andrews,Donald W. K. & Stock,James H. (ed.), 2005. "Identification and Inference for Econometric Models," Cambridge Books, Cambridge University Press, number 9780521844413.
    3. Johnston, David W. & Lee, Wang-Sheng, 2009. "Retiring to the good life? The short-term effects of retirement on health," Economics Letters, Elsevier, vol. 103(1), pages 8-11, April.
    4. Kadir Atalay & Garry F. Barrett, 2015. "The Impact of Age Pension Eligibility Age on Retirement and Program Dependence: Evidence from an Australian Experiment," The Review of Economics and Statistics, MIT Press, vol. 97(1), pages 71-87, March.
    5. Coe, Norma B. & Zamarro, Gema, 2011. "Retirement effects on health in Europe," Journal of Health Economics, Elsevier, vol. 30(1), pages 77-86, January.
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    More about this item

    Keywords

    Retirement; Health status; Pension reform;
    All these keywords.

    JEL classification:

    • I10 - Health, Education, and Welfare - - Health - - - General
    • C26 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Instrumental Variables (IV) Estimation
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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