Short- and long-run estimates of the local effects of retirement on health

Fé, Eduardo and Hollingsworth, Bruce (2016) Short- and long-run estimates of the local effects of retirement on health. Journal of the Royal Statistical Society: Series A, 179 (4). pp. 1051-1067. ISSN 0964-1998 (https://doi.org/10.1111/rssa.12156)

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Abstract

We explore the existence of short- and long-term effects of retirement on health. Short-term effects are estimated with a regression discontinuity design which is robust to weak instruments and where the underlying assumptions of continuity of potential outcomes are uncontroversial. To identify the long-term effects we propose a parametric model which, under strong assumptions, can separate normal deterioration of health from the causal effects of retirement. We apply our framework to the British Household Panel Survey and find that retirement has little effect on health. However, our estimates suggest that retirement opens the gate to a sedentary life with an impoverished social component and this is a channel through which retirement could indirectly affect health in the long run.

ORCID iDs

Fé, Eduardo ORCID logoORCID: https://orcid.org/0000-0001-7693-9143 and Hollingsworth, Bruce;
  • Item type:Article
    ID code:55561
    Dates:
    Date
    Event
    31 October 2016
    Published
    17 December 2015
    Published Online
    22 September 2015
    Accepted
    Subjects:Social Sciences > Economic Theory
    Department:Strathclyde Business School > Economics
    Depositing user: Pure Administrator
    Date deposited:17 Feb 2016 16:38
    Last modified:11 Nov 2024 11:16
    URI:https://strathprints.strath.ac.uk/id/eprint/55561
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