Health and retirement in Europe

Ronald Hagan, Andrew Michael Jones () and Nigel Rice

Health, Econometrics and Data Group (HEDG) Working Papers from HEDG, c/o Department of Economics, University of York

Abstract: Internationally comparable panel data from the full eight waves of the ECHP are used to study the effects of health on retirement in nine EU countries. Self-reported retirement is compared to a broader measure of inactivity. Measures of health include two latent stock measures, one that is normalised, and graduated health shocks. Discrete-time mixed proportional hazard models show an increase in the hazard of retiring due to ill-health. The magnitude of the effects varies with the size of shock and across countries. The effects of financial factors are robust across different health measures but depend on the definition of retirement.

Date: 2006-10
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Persistent link: http://EconPapers.repec.org/RePEc:yor:hectdg:06/10

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