Health Problems as Determinants of Retirement: Are Self-Rated Measures Endogenous?

TitleHealth Problems as Determinants of Retirement: Are Self-Rated Measures Endogenous?
Publication TypeJournal Article
Year of Publication1999
AuthorsDwyer, DS, Mitchell, OS
JournalJournal of Health Economics
Volume18
Issue2
Pagination173-93
Call Numberpubs_1999_Dwyer_DJHE.pdf
KeywordsHealth Conditions and Status, Retirement Planning and Satisfaction
Abstract

The authors explore alternative measures of unobserved health status in order to identify effects of mental and physical capacity for work on older men's retirement. Traditional self-ratings of poor health are tested against more objectively measured instruments. Using the Health and Retirement Study, the authors find that health problems influence retirement plans more strongly than do economic variables. Specifically, men in poor overall health ate expected to retire one to two years earlier, an effect that persists after correcting for potential endogeneity of self-rated health problems. The effects of detailed health problems are also examined in depth.

Notes

RDA ProCite field 3 : US Social Security Administration; U PA

Endnote Keywords

Retirement/Retirement Policies/Health Production--Nutrition, Mortality, Morbidity, Disability, and Economic Behavior/Health Status/Retirement Planning

Endnote ID

1196

Citation Key6636