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Does Retirement Kill You? Evidence from Early Retirement Windows

Author

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  • Coe, N.B.

    (Tilburg University, Center For Economic Research)

  • Lindeboom, M.

Abstract

The effect that health has on the retirement decision has long been studied. We examine the reverse relationship, whether retirement has a direct impact on later-life health. To identify the causal relationship, we use early retirement window offers to instrument for retirement. We find no negative effects of early retirement on men’s health, and if anything, a temporary increase in self-reported health and improvements in health of highly educated workers. While this is consistent with previous literature using Social Security ages as instruments, we also find that anticipation of retirement might be important, and bias the previous estimates downwards.

Suggested Citation

  • Coe, N.B. & Lindeboom, M., 2008. "Does Retirement Kill You? Evidence from Early Retirement Windows," Discussion Paper 2008-93, Tilburg University, Center for Economic Research.
  • Handle: RePEc:tiu:tiucen:749af81e-10f6-4c32-b9ae-0264a16543a8
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    References listed on IDEAS

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    More about this item

    Keywords

    retirement; depression; self-reported health; heart attack; cancer; diabetes; instrumental variables;

    JEL classification:

    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
    • I10 - Health, Education, and Welfare - - Health - - - General

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