To work or not to work? The effect of higher pension age on cardiovascular health

Chiara Ardito, Roberto Leombruni, David Blane and Angelo d'Errico

No 150, LABORatorio R. Revelli Working Papers Series from LABORatorio R. Revelli, Centre for Employment Studies

Abstract: The study explores the possible unintended health effects of reforms aimed at making eligibility criteria for occupational retirement more severe. The causal link between retirement age and hospitalization for cardiovascular diseases is investigated in a large sample of male Italian retirees (N=94,521). Endogeneity is addressed by an Instrumental Variable identification strategy, in a quasi-natural experiment set-up. The instrument exploits the variation in pension age determined by the standardization of the labour market transitions, which induce workers born during the first months of the year to retire at an older age. The analysis is performed on a longitudinal dataset that combines several Italian administrative archives on pensions, working histories and hospitalization. Results show a significant health detrimental effect of extended working life. A one-year delay in retirement increases the incidence of hospitalization for cardiovascular diseases (CVD) at 68-70 years old by 2.4 percentage points (p-value

Keywords: Retirement; Pension Age; Health; Cardiovascular Disease; Instrumental Variable; Ageing (search for similar items in EconPapers)
JEL-codes: C36 I10 I14 J14 J26 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (1)

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Journal Article: To Work or Not to Work? The Effect of Higher Pension Age on Cardiovascular Health (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:cca:wplabo:150

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