Labor Force Participation among Indian Elderly: Does Health Matter?

Manoj K. Pandey ()

ASARC Working Papers from The Australian National University, Australia South Asia Research Centre

Abstract: The paper analyzes the effect of health status on labour force participation for aged Indians. The potential endogeneity in health and labour force participation has been taken care of by using full information maximum likelihood (FIML) and estimation results are compared with alternative two-stage methods. Results show that health has a significant and positive effect on labour force participation of the aged. In order to keep enough supply of elderly in the labour market, sufficient health care is necessary and hence more investment in this sector is imperative.

Keywords: self-reported health status; labour force participation; elderly; endogeneity; exogeneity; simultaneous equation model (search for similar items in EconPapers)
JEL-codes: C35 I18 J14 J21 (search for similar items in EconPapers)
Pages: 23
Date: 2009
New Economics Papers: this item is included in nep-age, nep-cwa, nep-dev, nep-hea and nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:pas:asarcc:2009-11

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