Does Retirement Age Impact Mortality?
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.
Hernæs, Erik, Simen Markussen, John Piggott and Ola L. Vestad
Nummer i serie: 19
H55, I10, J11, J26
Retirement age, Mortality, Instrumental variables, Policy evaluation