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Health Capacity to Work at Older Ages: Evidence from Japan

In: Social Security Programs and Retirement around the World: The Capacity to Work at Older Ages

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  • Emiko Usui
  • Satoshi Shimizutani
  • Takashi Oshio

Abstract

This paper explores the extent to which older Japanese can potentially expand the labor supply, based on two analytic approaches: the Milligan-Wise and Cutler et al. methods. First, we examine how much older individuals could work if they worked as much as those with the same mortality rate in the past (the Milligan-Wise method). Second, we estimate how much older individuals could work if they worked as much as younger ones in similar health (the Cutler et al. method). Results from both of these methods underscore a large work capacity in old age in Japan. We further investigate differences in health capacity across education groups and find that highly educated individuals tend to have more capacity to work after they are 65 years of age.
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Suggested Citation

  • Emiko Usui & Satoshi Shimizutani & Takashi Oshio, 2017. "Health Capacity to Work at Older Ages: Evidence from Japan," NBER Chapters, in: Social Security Programs and Retirement around the World: The Capacity to Work at Older Ages, pages 219-241, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberch:13744
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    References listed on IDEAS

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    1. Shimizutani, Satoshi & 清水谷, 諭 & シミズタニ, サトシ & Oshio, Takashi & 小塩, 隆士 & オシオ, タカシ, 2009. "New Evidence on Initial Transition from Career Job to Retirement in Japan," PIE/CIS Discussion Paper 430, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
    2. Shimizutani, Satoshi, 2011. "A new anatomy of the retirement process in Japan," Japan and the World Economy, Elsevier, vol. 23(3), pages 141-152.
    3. Kevin S. Milligan & David A. Wise, 2012. "Health and Work at Older Ages: Using Mortality to Assess the Capacity to Work across Countries," NBER Working Papers 18229, National Bureau of Economic Research, Inc.
    4. James Poterba & Steven Venti & David A. Wise, 2013. "Health, Education, and the Postretirement Evolution of Household Assets," Journal of Human Capital, University of Chicago Press, vol. 7(4), pages 297-339.
    5. Takashi Oshio & Akiko Sato Oishi & Satoshi Shimizutani, 2011. "Social Security Reforms And Labour Force Participation Of The Elderly In Japan," The Japanese Economic Review, Japanese Economic Association, vol. 62(2), pages 248-271, June.
    6. Emiko Usui & Satoshi Shimizutani & Takashi Oshio, 2016. "Are Japanese Men of Pensionable Age Underemployed or Overemployed?," The Japanese Economic Review, Japanese Economic Association, vol. 67(2), pages 150-168, June.
    7. Usui, Emiko & Shimizutani, Satoshi & Oshio, Takashi, 2014. "Work Capacity of Older Adults in Japan," CIS Discussion paper series 635, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
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    Cited by:

    1. Oshio, Takashi & Shimizutani, Satoshi, 2019. "Health capacity to work and its long-term trend among the Japanese elderly," Journal of the Japanese and International Economies, Elsevier, vol. 51(C), pages 76-86.
    2. Emiko Usui & Satoshi Shimizutani & Takashi Oshio, 2016. "Are Japanese Men of Pensionable Age Underemployed or Overemployed?," The Japanese Economic Review, Springer, vol. 67(2), pages 150-168, June.
    3. Hou, Bo & Wang, Gewei & Wang, Yafeng & Zhao, Yaohui, 2021. "The health capacity to work at older ages in urban China," China Economic Review, Elsevier, vol. 66(C).
    4. Matsukura, Rikiya & Shimizutani, Satoshi & Mitsuyama, Nahoko & Lee, Sang-Hyop & Ogawa, Naohiro, 2018. "Untapped work capacity among old persons and their potential contributions to the “silver dividend” in Japan," The Journal of the Economics of Ageing, Elsevier, vol. 12(C), pages 236-249.
    5. Takashi Oshio & Emiko Usui & Satoshi Shimizutani, 2018. "Labor Force Participation of the Elderly in Japan," NBER Chapters, in: Social Security Programs and Retirement around the World: Working Longer, pages 163-178, National Bureau of Economic Research, Inc.
    6. OSHIO Takashi, 2018. "Health Capacity to Work and Its Long-term Trend among the Japanese Elderly," Discussion papers 18079, Research Institute of Economy, Trade and Industry (RIETI).

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    More about this item

    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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