Does Retirement Age Impact Mortality?

Erik Hernaes, Simen Markussen, John Piggott and Ola Vestad

Memo 19/2012

 

This paper studies the relationship between retirement and mortality, using a unique administrative data set covering the full population of Norway. We make use of a series of retirement policy changes in Norway, which reduced the retirement age for a group of
workers but not for others. By employing a difference-in-differences framework based on monthly birth cohort and treatment group status we first establish that the early retirement program significantly reduced the retirement age – this remains true when we account for program substitution, for example into the disability pension. Using instrumental variables estimation we find that retirement age has no effect on mortality.

Memo-pdf

 

 

Published June 23, 2014 10:27 AM - Last modified Jan. 30, 2019 7:55 AM