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Does retirement age impact mortality?

  • Hernaes, Erik
  • Markussen, Simen
  • Piggott, John
  • Vestad, Ola L.

The relationship between retirement and mortality is studied with a unique administrative data set covering the full population of Norway. A series of retirement policy changes in Norway reduced the retirement age for a group of workers but not for others. Difference-in-differences estimation based on monthly birth cohorts and treatment group status show that the early retirement programme significantly reduced the retirement age; this holds true also when we account for programme substitution, for example into the disability pension. Instrumental variables estimation results show no effect on mortality of retirement age; neither do estimation results from a hazard rate model.

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Article provided by Elsevier in its journal Journal of Health Economics.

Volume (Year): 32 (2013)
Issue (Month): 3 ()
Pages: 586-598

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Handle: RePEc:eee:jhecon:v:32:y:2013:i:3:p:586-598
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