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The causal effect of retirement on mortality: Evidence from targeted incentives to retire early
Author(s) -
Bloemen Hans,
Hochguertel Stefan,
Zweerink Jochem
Publication year - 2017
Publication title -
health economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.55
H-Index - 109
eISSN - 1099-1050
pISSN - 1057-9230
DOI - 10.1002/hec.3493
Subject(s) - civil servants , incentive , economics , demographic economics , panel data , percentage point , retirement age , actuarial science , selection bias , labour economics , medicine , econometrics , finance , political science , pension , pathology , politics , law , microeconomics
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.