The Effect of Removing Early Retirement on Mortality

Cristina Belles-Obrero, Sergi Jimenez-Martin and Han Ye

No eee2024-27, Studies on the Spanish Economy from FEDEA

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.

Date: 2024-08
New Economics Papers: this item is included in nep-age, nep-hea and nep-pbe
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https://documentos.fedea.net/pubs/eee/2024/eee2024-27.pdf (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)
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