Short and long run estimates of the local effects of retirement on health

Eduardo Fé and Bruce Hollingsworth

MPRA Paper from University Library of Munich, Germany

Abstract: We explore the existence of short and long term effects of retirement on health. Short term effects are estimated with a regression discontinuity design which is robust to weak instruments and where the underlying assumptions of continuity of potential outcomes are uncontroversial. To identify the long term effects we propose a parametric model which, under strong assumptions, can separate normal deterioration of health from the causal effects of retirement. We apply our framework to the British Household Panel Survey, and find that retirement has little effect on health. However, our estimates suggest that retirement opens the gate to a sedentary life with an impoverished social component and this is a channel through which retirement could indirectly affect health in the long run.

Keywords: Regression discontinuity; retirement; instrumental variables; health; wild bootstrap. (search for similar items in EconPapers)
JEL-codes: C10 C21 C30 I12 I18 J26 (search for similar items in EconPapers)
Date: 2015
New Economics Papers: this item is included in nep-age and nep-hea
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Related works:
Journal Article: Short- and long-run estimates of the local effects of retirement on health (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:65462

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