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Journal Article

Short- and long-run estimates of the local effects of retirement on health

Authors

Publication date

Oct 2016

Summary

We explore the existence of short- and long-term effects of retirement on health. Short-term effects are estimated with a regression discontinuity design which is robust to weak instruments and where the underlying assumptions of continuity of potential outcomes are uncontroversial. To identify the long-term effects we propose a parametric model which, under strong assumptions, can separate normal deterioration of health from the causal effects of retirement. We apply our framework to the British Household Panel Survey and find that retirement has little effect on health. However, our estimates suggest that retirement opens the gate to a sedentary life with an impoverished social component and this is a channel through which retirement could indirectly affect health in the long run.

Published in

Journal of the Royal Statistical Society Series A (Statistics in Society)

Volume and page numbers

179 , 1051 -1067

DOI

http://dx.doi.org/10.1111/rssa.12156

ISSN

16

Subjects

Older People, Time Use, Well Being, Health, and Life Course Analysis

Links

University of Essex, Albert Sloman Library Periodicals *restricted to University of Essex registered users* - http://serlib0.essex.ac.uk/record=b1599822~S5

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