Sick of work or too sick to work? Evidence on health shocks and early retirement from the BHPS

Publication type

Research Paper

Series Number

2007002

Series

Sheffield Economic Research Paper Series

Authors

Publication date

June 1, 2007

Abstract:

We follow individuals as they retire using discrete-time hazard models applied to a stock sample from 12 waves of the British Household Panel Survey. Results confirm that health shocks are a determinant of retirement age and are quantitatively more important than pension entitlement. This is the case for both men and women and is observed for both a measure of health limitations and a measure of latent health status obtained from a generalized ordered probit model. Further, our results provide evidence that, for women, the health status of their partner impacts on their retirement decisions; an effect that is not evident for men.

DOI

http://dx.doi.org/10.1016/j.econmod.2009.10.001

Subjects

Link

- http://ideas.repec.org/p/shf/wpaper/2007002.html

Notes

working paper

#509151

News

Latest findings, new research

Publications search

Search all research by subject and author

Podcasts

Researchers discuss their findings and what they mean for society

Projects

Background and context, methods and data, aims and outputs

Events

Conferences, seminars and workshops

Survey methodology

Specialist research, practice and study

Taking the long view

ISER's annual report

Themes

Key research themes and areas of interest