Sick of work or too sick to work? Evidence on health shocks and early retirement from the BHPS

Nigel Rice, Jennifer Roberts and Andrew Michael Jones ()

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

Abstract: We follow individuals as they retire using discrete-time hazard models applied to a stock sample from 12 waves of the British Household Panel Survey. Results confirm that health shocks are a determinant of retirement age and are quantitatively more important than pension entitlement. This is the case for both men and women and is observed for both a measure of health limitations and a measure of latent health status obtained from a generalized ordered probit model. Further, our results provide evidence that, for women, the health status of their partner impacts on their retirement decisions; and effect that is not evident for men.

Keywords: Health; Retirement; Discrete-time duration models (search for similar items in EconPapers)
JEL-codes: H55 I12 J26 (search for similar items in EconPapers)
Date: 2006-12
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Working Paper: Sick of work or too sick to work? Evidence on health shocks and early retirement from the BHPS (2007)
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Persistent link: http://EconPapers.repec.org/RePEc:yor:hectdg:06/13

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