IDEAS home Printed from https://ideas.repec.org/p/iza/izadps/dp7570.html
   My bibliography  Save this paper

The Causal Effect of Retirement on Mortality: Evidence from Targeted Incentives to Retire Early

Author

Listed:
  • Bloemen, Hans

    () (Vrije Universiteit Amsterdam)

  • Hochguertel, Stefan

    () (Vrije Universiteit Amsterdam)

  • Zweerink, Jochem

    () (Vrije Universiteit Amsterdam)

Abstract

This paper identifies and estimates the impact of early retirement on the probability to die within five years, using administrative micro panel data covering the entire population of the Netherlands. Among the older workers we focus on, a group of civil servants became eligible for retirement earlier than expected during a short time window. This exogenous policy change is used to instrument the retirement choice in a model that explains the probability to die within five years. Exploiting the panel structure of our data, we allow for unobserved heterogeneity by way of individual fixed effects in modeling the retirement choice and the probability to die. We find for men that early retirement, induced by the temporary decrease in the age of eligibility for retirement benefits, decreased the probability to die within five years by 2.5 percentage points. This is a strong effect. We find that our results are robust to several specification changes.

Suggested Citation

  • Bloemen, Hans & Hochguertel, Stefan & Zweerink, Jochem, 2013. "The Causal Effect of Retirement on Mortality: Evidence from Targeted Incentives to Retire Early," IZA Discussion Papers 7570, Institute of Labor Economics (IZA).
  • Handle: RePEc:iza:izadps:dp7570
    as

    Download full text from publisher

    File URL: http://ftp.iza.org/dp7570.pdf
    Download Restriction: no

    Other versions of this item:

    More about this item

    Keywords

    instruments; retirement; mortality;

    JEL classification:

    • C26 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Instrumental Variables (IV) Estimation
    • I1 - Health, Education, and Welfare - - Health
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iza:izadps:dp7570. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Holger Hinte). General contact details of provider: http://www.iza.org .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.