Retirement and Unexpected Health Shocks
Bénédicte Apouey
- Fonction : Auteur
- PersonId : 742276
- IdHAL : benedicte-apouey
- ORCID : 0000-0003-1575-8423
- IdRef : 17731320X
Claudia Senik
- Fonction : Auteur
- PersonId : 743549
- IdHAL : claudia-senik
- ORCID : 0000-0001-6236-9389
- IdRef : 035112328
Résumé
Is retirement good for your health? We complement previous studies by exploring the effect of retirement on unexpected health evolution. Using panel data from the Household, Income and Labour Dynamics in Australia survey (2001-2014), we construct measures of the mismatch between individual expected and actual health evolution (hereafter “health shocks”). In our approach, reverse causation running from health shocks to retirement is highly unlikely, because we look at shocks that happen after retirement, and those shocks are, by definition, unanticipated. We find that retirement decreases the probability of negative shocks (by approximately 16% to 24% for men and 14% to 23% for women) while increasing the likelihood of positive shocks (by 9% to 14% for men and 10% to 13% for women). This result is robust to the use of different lead-lag structures and of alternative measures of health change. Our findings are thus consistent with a positive impact of retirement on health.
Domaines
Economies et financesFormat du dépôt | Notice |
---|---|
Type de dépôt | Article dans une revue |
Titre |
en
Retirement and Unexpected Health Shocks
|
Résumé |
en
Is retirement good for your health? We complement previous studies by exploring the effect of retirement on unexpected health evolution. Using panel data from the Household, Income and Labour Dynamics in Australia survey (2001-2014), we construct measures of the mismatch between individual expected and actual health evolution (hereafter “health shocks”). In our approach, reverse causation running from health shocks to retirement is highly unlikely, because we look at shocks that happen after retirement, and those shocks are, by definition, unanticipated. We find that retirement decreases the probability of negative shocks (by approximately 16% to 24% for men and 14% to 23% for women) while increasing the likelihood of positive shocks (by 9% to 14% for men and 10% to 13% for women). This result is robust to the use of different lead-lag structures and of alternative measures of health change. Our findings are thus consistent with a positive impact of retirement on health.
|
Auteur(s) |
Bénédicte Apouey
1, 2
, Cahit Guven
3
, Claudia Senik
1, 2
1
PSE -
Paris School of Economics
( 301309 )
- 48 boulevard Jourdan 75014 Paris
- France
2
PJSE -
Paris Jourdan Sciences Economiques
( 1171428 )
- 48 boulevard Jourdan 75014 Paris
- France
3
Deakin University [Burwood]
( 303399 )
- 221 Burwood Highway
Burwood VIC 3125
- Australie
|
Nom de la revue |
|
Langue du document |
Anglais
|
Vulgarisation |
Non
|
Comité de lecture |
Oui
|
Audience |
Internationale
|
Date de publication |
2019-05
|
Volume |
33
|
Page/Identifiant |
116-123
|
Domaine(s) |
|
DOI | 10.1016/j.ehb.2019.01.009 |
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