Health, Retirement and Economic Shocks

Mario Martinez-Jimenez (), Bruce Hollingsworth () and Eugenio Zucchelli
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Mario Martinez-Jimenez: Lancaster University
Bruce Hollingsworth: Lancaster University

No 14574, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: We explore the effects of retirement on both physical and mental ill-health and whether these change in the presence of economic shocks. We employ inverse probability weighting regression adjustment to examine the mechanisms influencing the relationship between retirement and health and a difference-in-differences approach combined with matching to investigate whether the health effects of retirement are affected by the Great Recession. We estimate these models on data drawn from the English Longitudinal Study of Ageing (ELSA) and find that retirement leads to a deterioration in both mental and physical health, however there seems to be considerable effect heterogeneity by gender and occupational status. Our findings also suggest that retiring shortly after the Great Recession appears to improve mental and physical health, although only among individuals working in the most affected regions. Overall, our results indicate that the health effects of retirement might be influenced by the presence of economic shocks.

Keywords: retirement; health; Great Recession; ELSA (search for similar items in EconPapers)
JEL-codes: I10 J14 J26 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2021-07
New Economics Papers: this item is included in nep-age, nep-eur, nep-hea, nep-isf and nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Working Paper: Health, Retirement and Economic Shocks (2021)
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