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

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  • Bertoni, M.;
  • Brunello, G.;
  • Mazzarella, G.;

Abstract

By increasing the residual working horizon of employed individuals, pension reforms that rise minimum retirement age can affect individual investment in health-promoting behaviors before retirement. Using the expected increase in minimum retirement age induced by a 2004 Italian pension reform and a difference-in-differences research design, we show that middleaged Italian males affected by the reform reacted to the longer working horizon by increasing regular exercise, with positive consequences for obesity and self-reported satisfaction with health.

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  • Bertoni, M.; & Brunello, G.; & Mazzarella, G.;, 2018. "Does postponing minimum retirement age improve healthy behaviors before retirement? Evidence from middle-aged Italian workers," Health, Econometrics and Data Group (HEDG) Working Papers 18/03, HEDG, c/o Department of Economics, University of York.
    • Handle: RePEc:yor:hectdg:18/03
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    More about this item

    Keywords

    retirement; working horizon; healthy behaviors; pension reforms;
    All these keywords.

    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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