|
EconStor >
Institut für Weltwirtschaft (IfW), Kiel >
Kieler Arbeitspapiere, IfW >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/3946
|
| | |
| Title: | | The health gradient and early retirement: Evidence from the German Socio-economic Panel  |
| Authors: | | Hostenkamp, Gisela Stolpe, Michael |
| Issue Date: | | 2006 |
| Series/Report no.: | | Kieler Arbeitspapiere ;1305 |
| Abstract: | | This paper examines the role of the health gradient – the positive correlation between household income and health – in individual retirement behavior, using data from the German Socio-economic Panel (GSOEP). We first estimate agegroup-specific health gradients and find their slope increases with age, but declines among retired workers. We then estimate a variety of parametric and semi-parametric duration models and find that workers? position relative to the agegroup-specific health gradient has about the same explanatory power as self-assessed health and income together. We argue our method promises better predictions of the long-term impact of policies affecting the health gradient on workers' timing of retirement amid population aging. Our findings also underline the importance of imperfect medical technology in reconciling the human capital theory of health demand with the observation of more rapid declines in health among less educated workers. |
| Subjects: | | Health gradient Retirement behaviour Duration analysis |
| JEL: | | J26 I12 H55 H51 Germany |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des IfW Economists Online Kieler Arbeitspapiere, IfW
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/3946
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|