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Does Retirement Kill You? Evidence from Early Retirement Windows

Norma B. Coe and M. Lindeboom
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M. Lindeboom: Tilburg University, Center for Economic Research

No 2008-93, Discussion Paper from Tilburg University, Center for Economic Research

Abstract: The effect that health has on the retirement decision has long been studied. We examine the reverse relationship, whether retirement has a direct impact on later-life health. To identify the causal relationship, we use early retirement window offers to instrument for retirement. We find no negative effects of early retirement on men’s health, and if anything, a temporary increase in self-reported health and improvements in health of highly educated workers. While this is consistent with previous literature using Social Security ages as instruments, we also find that anticipation of retirement might be important, and bias the previous estimates downwards.

JEL-codes: J26 I10 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-age, nep-hap, nep-hea and nep-lab
Date: 2008
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