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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| Published in: | Journal of health economics Vol. 43; pp. 1 - 12 |
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| Main Author: | |
| Format: | Journal Article |
| Language: | English |
| Published: |
Amsterdam
Elsevier
01.09.2015
Elsevier B.V Elsevier Sequoia S.A |
| Subjects: | |
| ISSN: | 0167-6296, 1879-1646 |
| Online Access: | Get full text |
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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. |
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| AbstractList | 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 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 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. [web URL: http://www.sciencedirect.com/science/article/pii/S0167629615000545] |
| 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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