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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

Summary

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 inkluderingsdepartementet
Oppdragsgivers prosjektnr.:
Frisch prosjekt: 1307 - Strategisk instituttprogram om pensjonsforskning