Live Longer and Healthier: Impact of Pension Income for Low-Income Retirees

Chiara Malavasi () and Han Ye
Additional contact information
Chiara Malavasi: ZEW Mannheim

No 17024, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: We estimate the effect of additional pension income on mortality outcomes by exploring the eli- gibility criteria of a German program subsidizing the pensions of low-wage workers. Using novel administrative data, we find that eligibility leads to a 2-month delay in age at death (censored at 75). Survey evidence suggests that additional pension income improves both mental and physical health. In addition, individuals feel less financially constrained and are more optimistic about their future. Heterogeneity analysis indicates that the results are mainly driven by men.

Keywords: mortality; health; income; pension subsidy; retirement (search for similar items in EconPapers)
JEL-codes: I10 I12 J14 J26 (search for similar items in EconPapers)
Pages: 83 pages
Date: 2024-05
New Economics Papers: this item is included in nep-age, nep-hea and nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Working Paper: Live Longer and Healthier: Impact of Pension Income for Low-Income Retirees (2024)
Working Paper: Live Longer and Healthier: Impact of Pension Income for Low-Income Retirees (2024)
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