Financial Incentives, Health, and Retirement in Spain
In: Social Security Programs and Retirement Around the World: Disability Insurance Programs and Retirement
In this work we combine wage data from Social Security working histories and health information available in the Survey of Health and Retirement in Europe to explore the link between health, financial incentives and retirement in Spain. Our results show that individuals in worse health quintiles are, indeed, the more responsive to financial incentives as they prove to be less likely to retire when incentives to continue working increase.
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