Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/245625 
Year of Publication: 
2021
Series/Report no.: 
IZA Discussion Papers No. 14574
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
We explore the effects of retirement on both physical and mental ill-health and whether these change in the presence of economic shocks. We employ inverse probability weighting regression adjustment to examine the mechanisms influencing the relationship between retirement and health and a difference-in-differences approach combined with matching to investigate whether the health effects of retirement are affected by the Great Recession. We estimate these models on data drawn from the English Longitudinal Study of Ageing (ELSA) and find that retirement leads to a deterioration in both mental and physical health, however there seems to be considerable effect heterogeneity by gender and occupational status. Our findings also suggest that retiring shortly after the Great Recession appears to improve mental and physical health, although only among individuals working in the most affected regions. Overall, our results indicate that the health effects of retirement might be influenced by the presence of economic shocks.
Subjects: 
retirement
health
Great Recession
ELSA
JEL: 
J14
J26
I10
Document Type: 
Working Paper

Files in This Item:
File
Size
1.15 MB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.