Does Retirement Age Impact Mortality?
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Forfattere:
Hernæs, Erik, Simen Markussen, John Piggott and Ola L. Vestad
År:
2012
Referanse:
Memorandum
Nummer i serie: 19
Sammendrag (engelsk)
This paper studies the relationship between retirement and mortality, using a unique administrative data set covering the full population of Norway. We make use of a series of retirement policy changes in Norway, which reduced the retirement age for a group of workers but not for others. By employing a difference-in-differences framework based on monthly birth cohort and treatment group status we first establish that the early retirement program significantly reduced the retirement age – this remains true when we account for program substitution, for example into the disability pension. Using instrumental variables estimation we find that retirement age has no effect on mortality.
Nøkkelord:
Retirement age, Mortality, Instrumental variables, Policy evaluation
JEL:
H55, I10, J11, J26
Prosjekt info:
Oppdragsgiver: Arbeids- og inkluderingsdepartementetOppdragsgivers prosjektnr.:
Frisch prosjekt: 1307 - Strategisk instituttprogram om pensjonsforskning