The Mortality Effects of Retirement: Evidence from Social Security Eligibility at Age 62

TitleThe Mortality Effects of Retirement: Evidence from Social Security Eligibility at Age 62
Publication TypeReport
Year of Publication2017
AuthorsFitzpatrick, M, Moore, T
Series TitleNBER Working Paper Series
Document NumberWorking Paper No. 24127
InstitutionNational Bureau of Economic Research
CityCambridge, MA
KeywordsMortality, Population Health, Social Security
Abstract

Social Security eligibility begins at age 62, and approximately one third of Americans immediately claim at that age. We examine whether age 62 is associated with a discontinuous change in aggregate mortality, a key measure of population health. Using mortality data that covers the entire U.S. population and includes exact dates of birth and death, we document a robust two percent increase in male mortality immediately after age 62. The change in female mortality is smaller and imprecisely estimated. Additional analysis suggests that the increase in male mortality is connected to retirement from the labor force and associated lifestyle changes.

URLhttp://www.nber.org/papers/w24127.pdf
DOI10.3386/w24127
Citation Key9415