Title | Health, Economic Resources and the Work Decisions of Older Men. |
Publication Type | Journal Article |
Year of Publication | 2010 |
Authors | Bound, J, Stinebrickner, TR, Waidmann, TA |
Journal | J Econom |
Volume | 156 |
Issue | 1 |
Pagination | 106-129 |
Date Published | 2010 May |
ISSN Number | 0304-4076 |
Abstract | We specify a dynamic programming model that addresses the interplay among health, financial resources, and the labor market behavior of men late in their working lives. We model health as a latent variable, for which self reported disability status is an indicator, and allow self-reported disability to be endogenous to labor market behavior. We use panel data from the Health and Retirement Study. While we find large impacts of health on behavior, they are substantially smaller than in models that treat self-reports as exogenous. We also simulate the impacts of several potential reforms to the Social Security program. |
DOI | 10.1016/j.jeconom.2009.09.010 |
User Guide Notes | |
Endnote Keywords | Economic models/Labor economics/Health/Older workers/Dynamic programming/Studies |
Endnote ID | 22310 |
Alternate Journal | J Econom |
Citation Key | 7427 |
PubMed ID | 27158180 |
PubMed Central ID | PMC4859444 |
Grant List | R01 AG017579 / AG / NIA NIH HHS / United States |