Live Longer and Healthier: Impact of Pension Income for Low-Income Retirees

Chiara Malavasi (chiara.malavasi@uni-mannheim.de) and Han Ye

CRC TR 224 Discussion Paper Series from University of Bonn and University of Mannheim, Germany

Abstract: We estimate the effect of additional pension income on mortality outcomes by exploring the eligibility criteria of a German program subsidizing the pensions of low-wage workers. Using novel administrative data, we find that eligibility leads to a 2-month delay in age at death (censored at 75). Survey evidence suggests that additional pension income improves both mental and physical health. In addition, individuals feel less financially constrained and are more optimistic about their future. Heterogeneity analysis indicates that the results are mainly driven by men.

Keywords: Mortality; Health; Income; Pension subsidy; Retirement (search for similar items in EconPapers)
JEL-codes: I10 I12 J14 J26 (search for similar items in EconPapers)
Pages: 80
Date: 2024-03
New Economics Papers: this item is included in nep-age, nep-dem and nep-hea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Working Paper: Live Longer and Healthier: Impact of Pension Income for Low-Income Retirees (2024)
Working Paper: Live Longer and Healthier: Impact of Pension Income for Low-Income Retirees (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:bon:boncrc:crctr224_2024_514v2

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