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The Early Retirement Decision: New Empirical Evidence on the Influence of Health

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  • Gloria J. Bazzoli

Abstract

Many studies have examined the influence of health on retirement, but there may be problems with the various health measures used. A major criticism of the most frequently used variables is that they may reflect ex post rationalizations of retirement. In this paper I examine a variety of health variables, focusing directly on the health measurement issue as it relates to retirement research. New measures of health are developed with individual self-evaluations of health status. Unlike most previous findings, the empirical results suggest that economic variables play a more important role than health in retirement decisions.

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  • Gloria J. Bazzoli, 1985. "The Early Retirement Decision: New Empirical Evidence on the Influence of Health," Journal of Human Resources, University of Wisconsin Press, vol. 20(2), pages 214-234.
  • Handle: RePEc:uwp:jhriss:v:20:y:1985:i:2:p:214-234
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    1. Richard Butler & James J. Heckman, 1977. "The Government's Impact on the Labor Market Status of Black Americans: A Critical Review," NBER Working Papers 0183, National Bureau of Economic Research, Inc.
    2. Leonard, Jonathan S, 1984. "The Impact of Affirmative Action on Employment," Journal of Labor Economics, University of Chicago Press, vol. 2(4), pages 439-463, October.
    3. Orley Ashenfelter & James Heckman, 1974. "Measuring the Effect of an Antidiscrimination Program," Working Papers 432, Princeton University, Department of Economics, Industrial Relations Section..
    4. Orley Ashenfelter & James Heckman, 1974. "Measuring the Effect of an Antidiscrimination Program," Working Papers 432, Princeton University, Department of Economics, Industrial Relations Section..
    5. James J. Heckman & Kenneth I. Wolpin, 1976. "Does the Contract Compliance Program Work? An Analysis of Chicago Data," ILR Review, Cornell University, ILR School, vol. 29(4), pages 544-564, July.
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