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Health Econ. 2017 Dec;26(12):e204-e218. doi: 10.1002/hec.3493. Epub 2017 Feb 23.

The causal effect of retirement on mortality: Evidence from targeted incentives to retire early.

Author information

1
Vrije Universiteit Amsterdam, Amsterdam, the Netherlands.
2
Tinbergen Institute, Amsterdam, the Netherlands.
3
Netspar, Tilburg, the Netherlands.
4
IZA Bonn, Bonn, Germany.
5
Utrecht University, Utrecht, the Netherlands.

Abstract

This paper estimates the impact of early retirement on mortality using Dutch administrative micro panel data. An unexpected temporary decrease in the eligibility age for retirement benefits for civil servants is used to instrument the retirement choice. We find that induced early retirement decreased the probability that a man dies within 5 years by 2.6 percentage points. The result is robust to alternative specifications and data selection criteria.

KEYWORDS:

instruments; mortality; retirement

PMID:
28233361
DOI:
10.1002/hec.3493

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