Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/223845
Authors: 
Kettlewell, Nathan
Lam, Jack
Year of Publication: 
2020
Series/Report no.: 
IZA Discussion Papers No. 13403
Abstract: 
Social support is increasingly acknowledged as an important resource for promoting wellbeing. We test whether social support changes around retirement. We also examine whether social support moderates dynamics in mental wellbeing around retirement and consider both own and spouse's retirement. Using longitudinal data from Australia, we find little effect of own or spouse's retirement on social support. However, in fixed-effects models, dynamics in mental wellbeing are significantly different between those with low/high social support. Using pension eligibility as an instrument, we find that own retirement causally improves mental wellbeing for women (weaker evidence for men) and by a similar degree for those with low/high social support. We also estimate responses to life satisfaction and find evidence that spill-over benefits from spousal retirement are much larger for individuals with low social support.
Subjects: 
retirement
social support
Australia
couples
mental wellbeing
JEL: 
I10
H55
J14
J26
Document Type: 
Working Paper

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