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Does postponing minimum retirement age improve healthy behaviours before retirement? Evidence from middle-aged Italian workers

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  • Bertoni, Marco

    (university of padova)

  • Brunello, Giorgio

    (university of padova)

  • Mazzarella, Gianluca

    (university of padova)

Abstract

By increasing the residual working horizon of employed individuals, pension reforms that raise minimum retirement age are likely to affect the returns to investments in healthpromoting behaviours before retirement, with consequences for individual health. Using the exogenous variation in minimum retirement age induced by a sequence of Italian pension reforms during the 1990s and 2000s, we show that Italian males aged 40 to 49 reacted to the longer time to retirement by raising regular exercise and by reducing smoking and regular alcohol consumption. Dietary habits were also affected, with positive consequences on obesity and self-reported satisfaction with health.

Suggested Citation

  • 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).
  • Handle: RePEc:unm:umaror:2016007
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    Cited by:

    1. Ann Barbara Bauer & Reiner Eichenberger, 2017. "Endogenous aging: How statutory retirement age drives human and social capital," CREMA Working Paper Series 2017-02, Center for Research in Economics, Management and the Arts (CREMA).
    2. repec:eee:jhecon:v:62:y:2018:i:c:p:165-177 is not listed on IDEAS
    3. repec:eee:jhecon:v:54:y:2017:i:c:p:66-78 is not listed on IDEAS
    4. Heller-Sahlgren, Gabriel, 2017. "Retirement blues," LSE Research Online Documents on Economics 73079, London School of Economics and Political Science, LSE Library.
    5. repec:ces:ifosdt:v:71:y:2018:i:22:p:03-22 is not listed on IDEAS
    6. Elizabeth Lemmon, 2018. "Utilisation of personal care services in Scotland: the influence of unpaid carers," CINCH Working Paper Series 1802, Universitaet Duisburg-Essen, Competent in Competition and Health.
    7. Ann Barbara Bauer & Reiner Eichenberger, 2018. "Worsening Workers' Health by Lowering Retirement Age: The Malign Consequences of a Benign Reform," CREMA Working Paper Series 2018-02, Center for Research in Economics, Management and the Arts (CREMA).

    More about this item

    Keywords

    retirement; working horizon; healthy behaviours; pension reforms;

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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