Health status and labour force status of older working-age Australian men

Lixin Cai and Guyonne Kalb

Australian Journal of Labour Economics (AJLE), 2007, vol. 10, issue 4, 227-252

Abstract: This research uses the Household, Income and Labour Dynamics in Australia (HILDA) Survey to investigate the impacts of health on labour force status of older working-age Australian men. We estimate a model that exploits the longitudinal nature of the data and takes the correlation between the two error terms in the health and labour force status equations into account. The results show that controlling for unobserved heterogeneity and the correlation between the two equations is important. It is also found that any restriction on the correlation between the two equations appears to lead to underestimation of the direct health effects.

Keywords: Economics of the Elderly; Economics of the Handicapped; Labour Force and Employment, Size, and Structure; Retirement; Retirement Policies (search for similar items in EconPapers)
JEL-codes: J14 J21 J26 (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (8)

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Related works:
Working Paper: Health Status and Labour Force Status of Older Working-Age Australian Men (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:ozl:journl:v:10:y:2007:i:4:p:227-252

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