Pension reforms, longer working horizons and depression. Does the risk of automation matter?

Marco Bertoni, Giorgio Brunello and Filippo Da Re

Labour Economics, 2023, vol. 85, issue C

Abstract: We investigate the effect of postponing minimum retirement age on middle-aged workers’ depression. Using pension reforms in several European countries and data from the SHARE survey, we find that depression increases with a longer work horizon, but only among workers in occupations with a relatively high risk of automation. We explain our results with the higher job insecurity associated with occupations that are more exposed to automation, and rule out alternatives, including pension wealth effects and the differential exposure of occupations to the business cycle.

Keywords: Pension reforms; Depression; Automation; Job insecurity; SHARE (search for similar items in EconPapers)
JEL-codes: I1 J24 J26 O33 (search for similar items in EconPapers)
Date: 2023
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Working Paper: Pension Reforms, Longer Working Horizons and Depression. Does the Risk of Automation Matter? (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:labeco:v:85:y:2023:i:c:s0927537123001227

DOI: 10.1016/j.labeco.2023.102447

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