Abstract
Language | English |
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Pages | 1051-1067 |
Number of pages | 17 |
Journal | Journal of the Royal Statistical Society: Series A |
Volume | 179 |
Issue number | 4 |
Early online date | 17 Dec 2015 |
DOIs | |
Publication status | Published - 31 Oct 2016 |
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Keywords
- health
- instrumental variables
- regression discontinuity
- retirement
- wild bootsrap
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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
TY - JOUR
T1 - Short- and long-run estimates of the local effects of retirement on health
AU - Fé, Eduardo
AU - Hollingsworth, Bruce
PY - 2016/10/31
Y1 - 2016/10/31
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.
AB - 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.
KW - health
KW - instrumental variables
KW - regression discontinuity
KW - retirement
KW - wild bootsrap
U2 - 10.1111/rssa.12156
DO - 10.1111/rssa.12156
M3 - Article
VL - 179
SP - 1051
EP - 1067
JO - Journal of the Royal Statistical Society: Series A
T2 - Journal of the Royal Statistical Society: Series A
JF - Journal of the Royal Statistical Society: Series A
SN - 0964-1998
IS - 4
ER -