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