The Effect of Removing Early Retirement on Mortality

Cristina Bellés-Obrero (), Sergi Jimenez-Martin and Han Ye

CRC TR 224 Discussion Paper Series from University of Bonn and University of Mannheim, Germany

Abstract: This paper studies the mortality effect of delaying retirement by investigating the impacts of the 1967 Spanish pension reform, which affected the general population and exogenously changed the early retirement age, depending on the date individuals started contributing to the pension system. Using the Spanish administrative data, we find that delaying retirement by one year increases the hazard of dying between the ages of 60 and 69 by 38 percent. We show that the reform leads to higher mortality in all subgroups, and the effects are statistically stronger for those employed in sectors with the highest workplace accidents and for those with low self-value jobs. Moreover, we show that allowing flexible retirement mitigates the adverse effects of delaying retirement.

Keywords: Delaying retirement; Mortality; Heterogeneity; Work conditions (search for similar items in EconPapers)
JEL-codes: I10 I12 J14 J26 (search for similar items in EconPapers)
Pages: 86
Date: 2023-04, Revised 2024-07
New Economics Papers: this item is included in nep-age and nep-hea
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.crctr224.de/research/discussion-papers/archive/dp410 (application/pdf)

Related works:
Working Paper: The Effect of Removing Early Retirement on Mortality (2024)
Working Paper: The Effect of Removing Early Retirement on Mortality (2023)
Working Paper: The Effect of Removing Early Retirement on Mortality (2022)
Working Paper: The Effect of Removing Early Retirement on Mortality (2022)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bon:boncrc:crctr224_2023_410v2

Access Statistics for this paper

More papers in CRC TR 224 Discussion Paper Series from University of Bonn and University of Mannheim, Germany Kaiserstr. 1, 53113 Bonn , Germany.
Bibliographic data for series maintained by CRC Office ().