Does Retirement Age Impact Mortality?
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.
Hernæs, Erik, Simen Markussen, John Piggott, Ola Vestad
H55, I10, J11, J26
Retirement age, Mortality, Instrumental variables, Policy evaluation
Prosjekt:1172 - Social Insurance and Labor Market Inclusion in Norway
1307 - Strategisk instituttprogram om pensjonsforskning