Health, economic resources and the work decisions of older men

TitleHealth, economic resources and the work decisions of older men
Publication TypeJournal Article
Year of Publication2010
AuthorsBound, J, Stinebrickner, TR, Waidmann, TA
JournalJournal of Econometrics
Volume156
Issue1
Pagination106-129
KeywordsEmployment and Labor Force, Health Conditions and Status, Methodology, Other
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.

URLhttps://www.ncbi.nlm.nih.gov/pmc/articles/PMC4859444/
Endnote Keywords

Economic models/Labor economics/Health/Older workers/Dynamic programming/Studies

Endnote ID

22310

Citation Key7427