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Health Status as a Determinant for Pre-Retirement Savings

Author

Listed:
  • Jana Votapkova

    (Institute of Economic Studies, Faculty of Social Sciences, Charles University in Prague, Smetanovo nabrezi 6, 111 01 Prague 1, Czech Republic)

  • Pavlina Zilova

    (Institute of Economic Studies, Faculty of Social Sciences, Charles University in Prague, Smetanovo nabrezi 6, 111 01 Prague 1, Czech Republic)

Abstract

The paper aims to find out whether health status determines the level of liquid savings among a pre-retirement (50-60 years old) segment of the Czech population as retrieved from the SHARE (Survey of Health, Aging and Retirement in Europe) database, Wave 5 using a 2SLS methodology. Other demographic, health and economic characteristics are considered. We find a significant positive relationship between health and savings. It suggests that careful design of preventive health programs could ease the public pension system because if healthy, individuals could secure themselves for retirement.

Suggested Citation

  • Jana Votapkova & Pavlina Zilova, 2017. "Health Status as a Determinant for Pre-Retirement Savings," Working Papers IES 2017/10, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised May 2017.
    • Handle: RePEc:fau:wpaper:wp2017_10
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    File URL: http://ies.fsv.cuni.cz/sci/publication/show/id/5650/lang/cs
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    More about this item

    Keywords

    Health status; savings; Czech Republic; 2SLS; SHARE Dataset;
    All these keywords.

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development

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