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Unhealthy Retirement?

Author

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  • Fabrizio Mazzonna

    (University of Lugano and MEA)

  • Franco Peracchi

    (University of Rome "Tor Vergata" and EIEF)

Abstract

We investigate the causal effect of retirement on health and cognitive abilities by exploiting the panel dimension of the first two waves of the Survey of Health Ageing and Retirement in Europe (SHARE) and the variation between and within European countries in old age retirement rules. We show evidence of substantial heterogeneity in the effect of retirement across occupational groups. In particular, we find that retirement increases the age-related decline of health and cognitive abilities for most workers. On the other hand, we find evidence of a positive immediate effect of retirement for those employed in highly physically demanding jobs.

Suggested Citation

  • Fabrizio Mazzonna & Franco Peracchi, 2014. "Unhealthy Retirement?," EIEF Working Papers Series 1409, Einaudi Institute for Economics and Finance (EIEF), revised Sep 2014.
    • Handle: RePEc:eie:wpaper:1409
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    References listed on IDEAS

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    3. Johnston, David W. & Lee, Wang-Sheng, 2009. "Retiring to the good life? The short-term effects of retirement on health," Economics Letters, Elsevier, vol. 103(1), pages 8-11, April.
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    6. Bingley, Paul & Martinello, Alessandro, 2013. "Mental retirement and schooling," European Economic Review, Elsevier, vol. 63(C), pages 292-298.
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    8. Viola Angelini & Agar Brugiavini & Guglielmo Weber, 2009. "Ageing and unused capacity in Europe: is there an early retirement trap?," Economic Policy, CEPR;CES;MSH, vol. 24, pages 463-508, July.
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    10. Franco Peracchi & Claudio Rossetti, 2012. "Heterogeneity in health responses and anchoring vignettes," Empirical Economics, Springer, vol. 42(2), pages 513-538, April.
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    12. Norma B. Coe & Hans‐Martin von Gaudecker & Maarten Lindeboom & Jürgen Maurer, 2012. "The Effect Of Retirement On Cognitive Functioning," Health Economics, John Wiley & Sons, Ltd., vol. 21(8), pages 913-927, August.
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    Cited by:

    1. Osea Giuntella, 2014. "Immigration and Job Disamenities," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 12(2), pages 20-26, 07.
    2. Bertoni, Marco & Brunello, Giorgio & Mazzarella, Gianluca, 2016. "Does postponing minimum retirement age improve healthy behaviours before retirement? Evidence from middle-aged Italian workers," ROA Research Memorandum 007, Maastricht University, Research Centre for Education and the Labour Market (ROA).
    3. Peter Eibich, 2014. "Die gesundheitlichen Folgen des Renteneintritts," DIW Roundup: Politik im Fokus 48, DIW Berlin, German Institute for Economic Research.
    4. Thomas Barnay & Eric Defebvre, 2018. "Retired, at last? The short-term impact of retirement on health status in France," TEPP Working Paper 2018-01, TEPP.
    5. repec:spr:jopoec:v:31:y:2018:i:1:d:10.1007_s00148-017-0664-x is not listed on IDEAS
    6. Giuntella, Osea & Mazzonna, Fabrizio, 2015. "Do immigrants improve the health of natives?," Journal of Health Economics, Elsevier, vol. 43(C), pages 140-153.

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