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Retirement Transitions and Health Outcomes - A Panel Study using SHARE Data

Möller-Madsen, Charlotte Linnea LU (2023) NEKN06 20231
Department of Economics
Abstract (Swedish)
A growing ageing population and pressures on the public pension system have opened up a conversation on how to best care for the elderly, but also the financial realities of supporting them through retirement. With many countries either considering to implement, or having already implemented increases in pension eligibility ages, a relevant question is then how this impacts the health and well-being of those affected, and through which mechanisms these changes occur. This paper utilises data from the Survey of Health, Ageing, and Retirement in Europe (SHARE), and fixed-effects and instrumental variable strategy which uses ordinary retirement ages as an instrument for retirement. Retirement is found to improve self-rated health and... (More)
A growing ageing population and pressures on the public pension system have opened up a conversation on how to best care for the elderly, but also the financial realities of supporting them through retirement. With many countries either considering to implement, or having already implemented increases in pension eligibility ages, a relevant question is then how this impacts the health and well-being of those affected, and through which mechanisms these changes occur. This paper utilises data from the Survey of Health, Ageing, and Retirement in Europe (SHARE), and fixed-effects and instrumental variable strategy which uses ordinary retirement ages as an instrument for retirement. Retirement is found to improve self-rated health and activities of daily living, which may be due to a simultaneous increase in exercise. Estimates from heterogeneity analysis and robustness checks are presented. It is also concluded that key variables are sensitive to the choice of econometric model. (Less)
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author
Möller-Madsen, Charlotte Linnea LU
supervisor
organization
course
NEKN06 20231
year
type
H1 - Master's Degree (One Year)
subject
keywords
Retirement, Health, Instrumental variable, Fixed effects, SHARE
language
English
id
9135362
date added to LUP
2023-08-30 09:10:01
date last changed
2023-08-30 09:10:01
@misc{9135362,
  abstract     = {{A growing ageing population and pressures on the public pension system have opened up a conversation on how to best care for the elderly, but also the financial realities of supporting them through retirement. With many countries either considering to implement, or having already implemented increases in pension eligibility ages, a relevant question is then how this impacts the health and well-being of those affected, and through which mechanisms these changes occur. This paper utilises data from the Survey of Health, Ageing, and Retirement in Europe (SHARE), and fixed-effects and instrumental variable strategy which uses ordinary retirement ages as an instrument for retirement. Retirement is found to improve self-rated health and activities of daily living, which may be due to a simultaneous increase in exercise. Estimates from heterogeneity analysis and robustness checks are presented. It is also concluded that key variables are sensitive to the choice of econometric model.}},
  author       = {{Möller-Madsen, Charlotte Linnea}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{Retirement Transitions and Health Outcomes - A Panel Study using SHARE Data}},
  year         = {{2023}},
}