Short- and long-run estimates of the local effects of retirement on health

Eduardo Fé, Bruce Hollingsworth

Research output: Contribution to journal › Article

4 Citations (Scopus)

Abstract

We explore the existence of short- and long-term effects of retirement on health. Short-term effects are estimated with a regression discontinuity design which is robust to weak instruments and where the underlying assumptions of continuity of potential outcomes are uncontroversial. To identify the long-term effects we propose a parametric model which, under strong assumptions, can separate normal deterioration of health from the causal effects of retirement. We apply our framework to the British Household Panel Survey and find that retirement has little effect on health. However, our estimates suggest that retirement opens the gate to a sedentary life with an impoverished social component and this is a channel through which retirement could indirectly affect health in the long run.
LanguageEnglish
Pages1051-1067
Number of pages17
JournalJournal of the Royal Statistical Society: Series A
Volume179
Issue number4
Early online date17 Dec 2015
DOIs
Publication statusPublished - 31 Oct 2016

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Long-run
retirement
Health
health
Estimate
Weak Instruments
Potential Outcomes
Causal Effect
Deterioration
Parametric Model
Discontinuity
Regression
continuity
Retirement
Short-run
regression

Keywords

  • health
  • instrumental variables
  • regression discontinuity
  • retirement
  • wild bootsrap

Cite this

Fé, Eduardo ; Hollingsworth, Bruce. / Short- and long-run estimates of the local effects of retirement on health. In: Journal of the Royal Statistical Society: Series A . 2016 ; Vol. 179, No. 4. pp. 1051-1067.
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Fé, E & Hollingsworth, B 2016, 'Short- and long-run estimates of the local effects of retirement on health' Journal of the Royal Statistical Society: Series A , vol. 179, no. 4, pp. 1051-1067. https://doi.org/10.1111/rssa.12156

Short- and long-run estimates of the local effects of retirement on health. / Fé, Eduardo; Hollingsworth, Bruce.

In: Journal of the Royal Statistical Society: Series A , Vol. 179, No. 4, 31.10.2016, p. 1051-1067.

Research output: Contribution to journal › Article

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N2 - We explore the existence of short- and long-term effects of retirement on health. Short-term effects are estimated with a regression discontinuity design which is robust to weak instruments and where the underlying assumptions of continuity of potential outcomes are uncontroversial. To identify the long-term effects we propose a parametric model which, under strong assumptions, can separate normal deterioration of health from the causal effects of retirement. We apply our framework to the British Household Panel Survey and find that retirement has little effect on health. However, our estimates suggest that retirement opens the gate to a sedentary life with an impoverished social component and this is a channel through which retirement could indirectly affect health in the long run.

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Fé E, Hollingsworth B. Short- and long-run estimates of the local effects of retirement on health. Journal of the Royal Statistical Society: Series A . 2016 Oct 31;179(4):1051-1067. https://doi.org/10.1111/rssa.12156

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