Health Capacity to Work at Older Ages: Evidence from Japan
Satoshi Shimizutani () and
No 21971, NBER Working Papers from National Bureau of Economic Research, Inc
This paper explores the extent to which older Japanese can potentially expand the labor supply, based on two analytic approaches: the Milligan-Wise and Cutler et al. methods. First, we examine how much older individuals could work if they worked as much as those with the same mortality rate in the past (the Milligan-Wise method). Second, we estimate how much older individuals could work if they worked as much as younger ones in similar health (the Cutler et al. method). Results from both of these methods underscore a large work capacity in old age in Japan. We further investigate differences in health capacity across education groups and find that highly educated individuals tend to have more capacity to work after they are 65 years of age.
JEL-codes: H55 I12 J26 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-age, nep-hea and nep-lab
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Published as Health Capacity to Work at Older Ages: Evidence from Japan , Emiko Usui, Satoshi Shimizutani, Takashi Oshio. in Social Security Programs and Retirement around the World: The Capacity to Work at Older Ages , Wise. 2017
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Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:21971
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