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Retirement Effects on Health in Europe



Details

  • Personal Author:
  • Description:
    What are the health impacts of retirement? As talk of raising retirement ages in pensions and social security schemes continues around the world, it is important to know both the costs and benefits for the individual, as well as the governments' budgets. In this paper we use the Survey of Health, Ageing and Retirement in Europe (SHARE) dataset to address this question in a multi-country setting. We use country-specific early and full retirement ages as instruments for retirement behavior. These statutory retirement ages clearly induce retirement, but are not related to an individual's health. Exploiting the discontinuities in retirement behavior across countries, we find significant evidence that retirement has a health-preserving effect on overall general health. Our estimates indicate that retirement leads to a 35 percent decrease in the probability of reporting to be in fair, bad, or very bad health, and an almost one standard deviation improvement in the health index. While the self-reported health seems to be a temporary impact, the health index indicates there are long-lasting health differences. [Description provided by NIOSH]
  • Subjects:
  • Keywords:
  • ISSN:
    0167-6296
  • Document Type:
    Text
  • Funding:
    Grant
  • Genre:
    Journal Article
  • Place as Subject:
  • CIO:
    National Institute for Occupational Safety and Health (NIOSH)
  • Topic:
    Workplace Safety & Health
  • Location:
    North America
  • Pages in Document:
    77-86
  • Volume:
    30
  • Issue:
    1
  • NIOSHTIC Number:
    nn:20056185
  • Citation:
    J Health Econ 2012 Jan; 30(1):77-86
  • Contact Point Address:
    Norma B. Coe, Center for Retirement Research at Boston College, Hovey House, 140 Commonwealth Avenue, Chestnut Hill, MA 02467, United States
  • Email:
    Norma.Coe@bc.edu
  • Federal Fiscal Year:
    2011
  • Performing Organization:
    University of Washington
  • Peer Reviewed:
    True
  • Start Date:
    20050701
  • Source Full Name:
    Journal of Health Economics
  • End Date:
    20250630
  • Collection(s):
  • Main Document Checksum:
    urn:sha-512:05bf821363aa8c37827a4d77bf415338a50b3a103e975f22c18940f65328424512d85c12724e61d7d0e2b442df66c0339f112d22d6d860730c25642170ea840d
  • Download URL:
  • File Type:
    Filetype[PDF - 277.41 KB ]
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