Understanding the Effect of Retirement on Health: Mechanisms and Heterogeneity

This paper investigates the mechanisms behind the health effects of retirement. Using a Regression Discontinuity Design to exploit financial incentives in the German pension system for identification, I find that retirement improves subjective health status and mental health, while also reducing out...

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Vydáno v:	Journal of health economics Ročník 43; s. 1 - 12
Hlavní autor:	Eibich, Peter
Médium:	Journal Article
Jazyk:	angličtina
Vydáno:	Amsterdam Elsevier 01.09.2015 Elsevier B.V Elsevier Sequoia S.A
Témata:	Aged Design engineering Discontinuity Economics Exercise Female Financial incentives Germany Gesundheitsfürsorge Health Health Behavior Health services Health Services - utilization Health Status Healthcare Heterogeneity Humans Identification Incentives Male Mental disorders Mental Health Methode Middle Aged Models, Econometric Monetary incentives Occupational health Occupational stress Outpatient treatment Pension plans Pensions - statistics & numerical data Personal Satisfaction Physical exercise Public health Regression Regression Analysis Regression Discontinuity Design Relief Rentner Retirement Retirement - economics Retirement - psychology Retirement - statistics & numerical data Sleep Socioeconomic Factors Studies Subjective judgments Subjectivity Time use Germany Regression Discontinuity Design Health Health behavior Healthcare I12 J14 Retirement J26
ISSN:	0167-6296, 1879-1646
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Abstract	This paper investigates the mechanisms behind the health effects of retirement. Using a Regression Discontinuity Design to exploit financial incentives in the German pension system for identification, I find that retirement improves subjective health status and mental health, while also reducing outpatient care utilization. I explore a wide range of health behaviors, time use, and effect heterogeneity as potential mechanisms. Relief from work-related stress and strain, increased sleep duration as well as more frequent physical exercise seem to be key mechanisms through which retirement affects health.
AbstractList	•This paper estimates the mechanisms behind the health effects of retirement.•Financial incentives in the German pension system are exploited for identification.•Retirement improves health and reduces healthcare utilization.•Relief from work-related strain, sleep and exercise are identified as mechanisms. This paper investigates the mechanisms behind the health effects of retirement. Using a Regression Discontinuity Design to exploit financial incentives in the German pension system for identification, I find that retirement improves subjective health status and mental health, while also reducing outpatient care utilization. I explore a wide range of health behaviors, time use, and effect heterogeneity as potential mechanisms. Relief from work-related stress and strain, increased sleep duration as well as more frequent physical exercise seem to be key mechanisms through which retirement affects health. This paper investigates the mechanisms behind the health effects of retirement. Using a Regression Discontinuity Design to exploit financial incentives in the German pension system for identification, I find that retirement improves subjective health status and mental health, while also reducing outpatient care utilization. I explore a wide range of health behaviors, time use, and effect heterogeneity as potential mechanisms. Relief from work-related stress and strain, increased sleep duration as well as more frequent physical exercise seem to be key mechanisms through which retirement affects health. This paper investigates the mechanisms behind the health effects of retirement. Using a Regression Discontinuity Design to exploit financial incentives in the German pension system for identification, I find that retirement improves subjective health status and mental health, while also reducing outpatient care utilization. I explore a wide range of health behaviors, time use, and effect heterogeneity as potential mechanisms. Relief from work-related stress and strain, increased sleep duration as well as more frequent physical exercise seem to be key mechanisms through which retirement affects health. [web URL: http://www.sciencedirect.com/science/article/pii/S0167629615000545] This paper investigates the mechanisms behind the health effects of retirement. Using a Regression Discontinuity Design to exploit financial incentives in the German pension system for identification, I find that retirement improves subjective health status and mental health, while also reducing outpatient care utilization. I explore a wide range of health behaviors, time use, and effect heterogeneity as potential mechanisms. Relief from work-related stress and strain, increased sleep duration as well as more frequent physical exercise seem to be key mechanisms through which retirement affects health. All rights reserved, Elsevier
Author	Eibich, Peter
Author_xml	– sequence: 1 givenname: Peter surname: Eibich fullname: Eibich, Peter
BackLink	https://www.ncbi.nlm.nih.gov/pubmed/26079117$$D View this record in MEDLINE/PubMed
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Keywords	Regression Discontinuity Design Health Health behavior Healthcare I12 J14 Retirement J26
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Snippet	This paper investigates the mechanisms behind the health effects of retirement. Using a Regression Discontinuity Design to exploit financial incentives in the... •This paper estimates the mechanisms behind the health effects of retirement.•Financial incentives in the German pension system are exploited for...
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SubjectTerms	Aged Design engineering Discontinuity Economics Exercise Female Financial incentives Germany Gesundheitsfürsorge Health Health Behavior Health services Health Services - utilization Health Status Healthcare Heterogeneity Humans Identification Incentives Male Mental disorders Mental Health Methode Middle Aged Models, Econometric Monetary incentives Occupational health Occupational stress Outpatient treatment Pension plans Pensions - statistics & numerical data Personal Satisfaction Physical exercise Public health Regression Regression Analysis Regression Discontinuity Design Relief Rentner Retirement Retirement - economics Retirement - psychology Retirement - statistics & numerical data Sleep Socioeconomic Factors Studies Subjective judgments Subjectivity Time use
Title	Understanding the Effect of Retirement on Health: Mechanisms and Heterogeneity
URI	https://www.econstor.eu/handle/10419/125928 https://dx.doi.org/10.1016/j.jhealeco.2015.05.001 https://www.ncbi.nlm.nih.gov/pubmed/26079117 https://www.proquest.com/docview/1725044759 https://www.proquest.com/docview/1718910204 https://www.proquest.com/docview/1758936883 https://www.proquest.com/docview/1778017083
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