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Does postponing minimum retirement age improve healthy behaviors before retirement? Evidence from middle-aged Italian workers

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  • Bertoni, Marco
  • Brunello, Giorgio
  • Mazzarella, Gianluca

Abstract

By increasing the residual working horizon of employed individuals, pension reforms that rise minimum retirement age can affect individual investment in health-promoting behaviors before retirement. Using the expected increase in minimum retirement age induced by a 2004 Italian pension reform and a difference-in-differences research design, we show that middle-aged Italian males affected by the reform reacted to the longer working horizon by increasing regular exercise, with positive consequences for obesity and self-reported satisfaction with health.

Suggested Citation

  • Bertoni, Marco & Brunello, Giorgio & Mazzarella, Gianluca, 2018. "Does postponing minimum retirement age improve healthy behaviors before retirement? Evidence from middle-aged Italian workers," Journal of Health Economics, Elsevier, vol. 58(C), pages 215-227.
  • Handle: RePEc:eee:jhecon:v:58:y:2018:i:c:p:215-227
    DOI: 10.1016/j.jhealeco.2018.02.011
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    Cited by:

    1. Ann Barbara Bauer & Reiner Eichenberger, 2017. "Endogenous aging: How statutory retirement age drives human and social capital," CREMA Working Paper Series 2017-02, Center for Research in Economics, Management and the Arts (CREMA).
    2. repec:eee:jhecon:v:54:y:2017:i:c:p:66-78 is not listed on IDEAS
    3. repec:ces:ifosdt:v:71:y:2018:i:22:p:03-22 is not listed on IDEAS
    4. repec:eee:jhecon:v:62:y:2018:i:c:p:165-177 is not listed on IDEAS
    5. Elizabeth Lemmon, "undated". "Utilisation of personal care services in Scotland: the influence of unpaid carers," CINCH Working Paper Series 1802, Universitaet Duisburg-Essen, Competent in Competition and Health.
    6. Ann Barbara Bauer & Reiner Eichenberger, 2018. "Worsening Workers' Health by Lowering Retirement Age: The Malign Consequences of a Benign Reform," CREMA Working Paper Series 2018-02, Center for Research in Economics, Management and the Arts (CREMA).

    More about this item

    Keywords

    Retirement; Working horizon; Healthy behaviors; Pension reforms;

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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