Retirement and Well-Being

Eric Bonsang, Clémentine Garrouste () and Elsa Perdrix ()
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Eric Bonsang: Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres, LEDa - Laboratoire d'Economie de Dauphine - IRD - Institut de Recherche pour le Développement - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique
Clémentine Garrouste: LEM - Lille économie management - UMR 9221 - UA - Université d'Artois - UCL - Université catholique de Lille - Université de Lille - CNRS - Centre National de la Recherche Scientifique
Elsa Perdrix: Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres, LEDa - Laboratoire d'Economie de Dauphine - IRD - Institut de Recherche pour le Développement - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique

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Abstract: This chapter reviews the literature about the effect of retirement on well-being. It distinguishes studies that investigate the consequences of retirement on measures of well-being such as happiness and life satisfaction from those focusing on mental health. Special attention is also paid to the estimation method and the identification strategy. While results based on mental health or measures of well-being are remarkably consistent, they are sensitive to the estimation methods. While, on average, retired individuals report a lower level of well-being than workers, results based on causal methods tend to indicate that the effect of retirement on well-being is nonnegative.

Date: 2023-03-21
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Published in Klaus F. Zimmermann (ed.). Handbook of Labor, Human Resources and Population Economics, Springer International Publishing, pp.1-14, 2023, 978-3-319-57365-6. ⟨10.1007/978-3-319-57365-6_391-1⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04137389

DOI: 10.1007/978-3-319-57365-6_391-1

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