Does Retirement Age Impact Mortality?

Erik Hernaes (), Simen Markussen, John Piggott and Ola Vestad
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Erik Hernaes: Ragnar Frisch Centre for Economic Research, Postal: Ragnar Frisch Centre for Economic Research, Gaustadalléen 21 , N-0349 Oslo , Norway,

No 19/2012, Memorandum from Oslo University, Department of Economics

Abstract: 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.

Keywords: Retirement age; Mortality; Instrumental variables; Policy evaluation (search for similar items in EconPapers)
JEL-codes: H55 I10 J11 J26 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2012-06-11
New Economics Papers: this item is included in nep-age, nep-dem, nep-hea and nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

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Journal Article: Does retirement age impact mortality? (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:osloec:2012_019

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