Healthier when retiring earlier? Evidence from France

Pierre-Jean Messe () and François-Charles Wolff
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Pierre-Jean Messe: GAINS - Groupe d'Analyse des Itinéraires et des Niveaux Salariaux - UM - Le Mans Université, TEPP - Travail, Emploi et Politiques Publiques - UPEM - Université Paris-Est Marne-la-Vallée - CNRS - Centre National de la Recherche Scientifique, LEMNA - Laboratoire d'économie et de management de Nantes Atlantique - IEMN-IAE Nantes - Institut d'Économie et de Management de Nantes - Institut d'Administration des Entreprises - Nantes - UN - Université de Nantes

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Abstract: This paper contributes to the literature on the health-retirement relationship by looking at the effect of retiring before legal age on health in later life in France. To account for the endogeneity of the early retirement decision, our identification strategy relies on eligibility rules to a long-career early retirement scheme introduced in France in 2004 that substantially increased the proportion of older workers leaving their last job before the legal age of 60 years. We find a positive correlation between early retirement and health problems among male retirees. However, we fail to find any significant causal effect of early retirement on poor health once we account for the endogeneity of the decision to retire before the legal age. Controlling for working conditions does not influence the effect of retirement and occupying a demanding job is harmful to health after retirement regardless of the retirement date. Similar results are found for female retirees.

Keywords: Early retirement; Self-assessed health; Working conditions (search for similar items in EconPapers)
Date: 2019-04-30
Note: View the original document on HAL open archive server: https://nantes-universite.hal.science/hal-03772865v1
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Citations: View citations in EconPapers (9)

Published in Applied Economics, 2019, 51 (47), pp.5122-5143. ⟨10.1080/00036846.2019.1610710⟩

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Related works:
Journal Article: Healthier when retiring earlier? Evidence from France (2019)
Working Paper: Healthier when retiring earlier ? Evidence from France (2018)
Working Paper: Healthier when retiring earlier? Evidence from France (2017)
Working Paper: Healthier when retiring earlier? Evidence from France (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03772865

DOI: 10.1080/00036846.2019.1610710

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