Health Status as a Determinant for Pre-Retirement Savings

Jana Votapkova (Prochazkova) () and Pavlina Zilova
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Pavlina Zilova: Institute of Economic Studies, Faculty of Social Sciences, Charles University in Prague, Smetanovo nabrezi 6, 111 01 Prague 1, Czech Republic

No 2017/10, Working Papers IES from Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies

Abstract: The paper aims to find out whether health status determines the level of liquid savings among a pre-retirement (50-60 years old) segment of the Czech population as retrieved from the SHARE (Survey of Health, Aging and Retirement in Europe) database, Wave 5 using a 2SLS methodology. Other demographic, health and economic characteristics are considered. We find a significant positive relationship between health and savings. It suggests that careful design of preventive health programs could ease the public pension system because if healthy, individuals could secure themselves for retirement.

Keywords: Health status; savings; Czech Republic; 2SLS; SHARE Dataset (search for similar items in EconPapers)
JEL-codes: D14 I15 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2017-05, Revised 2017-05
New Economics Papers: this item is included in nep-age, nep-eur and nep-hea
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