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Health and retirement in Europe

Author

Listed:
  • Ronald Hagan
  • Andrew M. Jones
  • Nigel Rice

Abstract

Internationally comparable panel data from the full eight waves of the ECHP are used to study the effects of health on retirement in nine EU countries. Self-reported retirement is compared to a broader measure of inactivity. Measures of health include two latent stock measures, one that is normalised, and graduated health shocks. Discrete-time mixed proportional hazard models show an increase in the hazard of retiring due to ill-health. The magnitude of the effects varies with the size of shock and across countries. The effects of financial factors are robust across different health measures but depend on the definition of retirement.

Suggested Citation

  • Ronald Hagan & Andrew M. Jones & Nigel Rice, 2006. "Health and retirement in Europe," Health, Econometrics and Data Group (HEDG) Working Papers 06/10, HEDG, c/o Department of Economics, University of York.
  • Handle: RePEc:yor:hectdg:06/10
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    Citations

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    Cited by:

    1. Andrew M. Jones & Eddy van Doorslaer & Teresa Bago d'Uva & Silvia Balia & Lynn Gambin & Cristina Hernández Quevedo & Xander Koolman & Nigel Rice, 2006. "Health and Wealth: Empirical Findings and Political Consequences," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 7(s1), pages 93-112, May.
    2. Danilo Cavapozzi, 2008. "Health and Labor Supply Dynamics of Older Married Workers," "Marco Fanno" Working Papers 0073, Dipartimento di Scienze Economiche "Marco Fanno".
    3. Schneider Brit S. & Schneider Udo & Ulrich Volker, 2007. "Health and the Decision to Invest in Education," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 227(5-6), pages 725-746, October.
    4. Macchiarelli, Corrado & Aranki, Ted, 2013. "Employment duration and shifts into retirement in the EU," Working Paper Series 1517, European Central Bank.
    5. Johnston, David W. & Propper, Carol & Shields, Michael A., 2009. "Comparing subjective and objective measures of health: Evidence from hypertension for the income/health gradient," Journal of Health Economics, Elsevier, vol. 28(3), pages 540-552, May.
    6. Franz Westermaier & Brant Morefield & Andrea Mühlenweg, 2013. "Impacts of Parental Health Shocks on Children’s NonCognitive Skills," MAGKS Papers on Economics 201312, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    7. Hernández-Quevedo, Cristina & Jones, Andrew M. & Rice, Nigel, 2008. "Persistence in health limitations: A European comparative analysis," Journal of Health Economics, Elsevier, vol. 27(6), pages 1472-1488, December.
    8. García-Gómez, Pilar & Jones, Andrew M. & Rice, Nigel, 2010. "Health effects on labour market exits and entries," Labour Economics, Elsevier, vol. 17(1), pages 62-76, January.
    9. García-Gómez, Pilar, 2011. "Institutions, health shocks and labour market outcomes across Europe," Journal of Health Economics, Elsevier, vol. 30(1), pages 200-213, January.
    10. Ronald Hagan & Andrew M. Jones & Nigel Rice, 2008. "Health Shocks and the Hazard Rate of Early Retirement in the ECHP," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 144(III), pages 323-335, September.
    11. Schneider, Udo & Zerth, Jürgen, 2008. "Improving prevention compliance through appropriate incentives," MPRA Paper 8280, University Library of Munich, Germany.

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