Does Retirement Age Impact Mortality?
By: E. Hernæs, S. Markussen, J. Piggott, and O. Vestad.
Journal of Health Economics, vol. 32, 586-598
The relationship between retirement and mortality is studied with a unique administrative data set covering the full population of Norway. A series of retirement policy changes in Norway reduced the retirement age for a group of workers but not for others. Difference-in-differences estimation based on monthly birth cohorts and treatment group status show that the early retirement programme significantly reduced the retirement age; this holds true also when we account for programme substitution, for example into the disability pension. Instrumental variables estimation results show no effect on mortality of retirement age; neither do estimation results from a hazard rate model.
Keywords: Retirement age; Mortality;Instrumental variables; Policy evaluation.