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The effect of removing early retirement on mortality

Author

Listed:
  • Cristina Bellés-Obrero

    (Universitat de Barcelona & IEB)

  • Sergi Jiménez-Martín

    (Universitat Pompeu Fabra)

  • Han Ye

    (University of Mannheim)

Abstract

This paper studies the mortality effect of delaying retirement by investigating the impacts of the 1967 Spanish pension reform, which affected the general population and exogenously changed the early retirement age, depending on the date individuals started contributing to the pension system. Using the Spanish administrative data, we find that delaying retirement by one year increases the hazard of dying between the ages of 60 and 69 by 38 percent. We show that the reform leads to higher mortality in all subgroups, and the effects are statistically stronger for those employed in sectors with the highest workplace accidents and for those with low selfvalue jobs. Moreover, we show that allowing flexible retirement mitigates the adverse effects of delaying retirement.

Suggested Citation

  • Cristina Bellés-Obrero & Sergi Jiménez-Martín & Han Ye, 2024. "The effect of removing early retirement on mortality," Working Papers 2024/07, Institut d'Economia de Barcelona (IEB).
    • Handle: RePEc:ieb:wpaper:doc2024-07
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    File URL: https://ieb.ub.edu/ca/publication/2024-07-the-effect-of-removing-early-retirement-on-mortality/
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    Cited by:

    1. Cristina Bellés Obrero & Manuel Flores & Pilar García-Gómez & Sergi Jiménez-Martín & Judit Vall-Castelló, 2025. "Social Security Reforms and Inequality Among Older Workers in Spain," NBER Chapters, in: Social Security Programs and Retirement Around the World: The Effects of Pension Reforms on the Income Distribution of Retirees, National Bureau of Economic Research, Inc.
    2. Todd Morris & Benoit Dostie, 2023. "Graying and staying on the job: The welfare implications of employment protection for older workers," Cahiers de recherche / Working Papers 15, Institut sur la retraite et l'épargne / Retirement and Savings Institute.
    3. Martin Kerndler & Alexia Prskawetz & Miguel Sánchez-Romero, 2025. "A life-cycle model of risk-taking on the job," Journal of Population Economics, Springer;European Society for Population Economics, vol. 38(3), pages 1-32, September.
    4. Malavasi, Chiara & Ye, Han, 2024. "Live Longer and Healthier: Impact of Pension Income for Low-Income Retirees," VfS Annual Conference 2024 (Berlin): Upcoming Labor Market Challenges 302374, Verein für Socialpolitik / German Economic Association.
    5. repec:bon:boncrc:crctr224_2024_514 is not listed on IDEAS

    More about this item

    Keywords

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    JEL classification:

    • I10 - Health, Education, and Welfare - - Health - - - General
    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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