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Does Retirement Age Impact Mortality?

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[DOI] [PDF]

Forfattere:

Hernæs, Erik, Simen Markussen, John Piggott, Ola Vestad

År:

2013

Referanse:

Journal of Health Economics

Vol 32(3),586-598

Summary

The relationship between retirement and mortality is studied with a unique administrative data set covering the full population of Norway. A series of retirement policy changes in Norway 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: Norges forskningsråd
Oppdragsgivers prosjektnr.: 202513
Frisch prosjekt: 1172 - Social Insurance and Labor Market Inclusion in Norway

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