At a Glance
Determinants and Consequences of Retirement
Peter Eibich, Angelo Lorenti, Julian Schmied; in Collaboration with Léontine Goldzahl (EDHEC Business School, Roubaix, France), Thomas Siedler (Universität Hamburg, Germany), Irene Mosca (Maynooth University, Ireland), Ricky Kanabar (University of Bath, United Kingdom), Alexander Plum (Auckland University of Technology, New Zealand)
Many high-income countries are increasing the retirement age to encourage older workers to remain active in the labor market. Yet, health and labor-force participation at older ages are closely intertwined. It is thus important to understand how health and health behaviors shape labor-market trajectories at these ages. Moreover, retirees provide important unpaid work in many societies, e.g., by constituting a large part of the volunteer workforce or by providing informal care. Examining how retirement affects the behavior of older people is therefore important to fully understand potential externalities of longer working lives.
We study how health and health behavior affect the timing of labor-force exits among older workers, as well as the effects of retirement on the behavior of older people. We disentangle the complex relationship between health and labor-market participation using state-of-the-art methods for causal inference, such as regression discontinuity design.
Economics, Employment, Retirement, Policies, Politics, Administration, Welfare State
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