Scandinavian Working Papers in Economics
Memorandum,
Oslo University, Department of Economics
No 19/2012: Does Retirement Age Impact Mortality?
Erik Hernaes (), Simen Markussen (), John Piggott () and Ola Vestad ()
Additional contact information
Erik Hernaes: Ragnar Frisch Centre for Economic Research, Postal: Ragnar Frisch Centre for Economic Research, Gaustadalléen 21 , N-0349 Oslo , Norway,
Simen Markussen: Ragnar Frisch Centre for Economic Research, Postal: Ragnar Frisch Centre for Economic Research, Gaustadalléen 21 , N-0349 Oslo , Norway
John Piggott: ARC Centre of Excellence in Population Ageing Research, Postal: ARC Centre of Excellence in Population Ageing Research, Australian School of Business, University of New South Wales, Sydney , 2052 Australia
Ola Vestad: Ragnar Frisch Centre for Economic Research, Postal: Ragnar Frisch Centre for Economic Research, Gaustadalléen 21 , N-0349 Oslo , Norway
Abstract: This paper studies the relationship between retirement and mortality, using a unique administrative data set covering the full population of Norway. We make use of a series of retirement policy changes in Norway, which reduced the retirement age for a group of workers but not for others. By employing a difference-in-differences framework based on monthly birth cohort and treatment group status we first establish that the early retirement program significantly reduced the retirement age – this remains true when we account for program substitution, for example into the disability pension. Using instrumental variables estimation we find that retirement age has no effect on mortality.
Keywords: Retirement age; Mortality; Instrumental variables; Policy evaluation
29 pages, June 11, 2012
Full text files
Memo-19-2012.pdf
Questions (including download problems) about the papers in this series should be directed to Mari Strønstad Øverås ()
Report other problems with accessing this service to Sune Karlsson ().
RePEc:hhs:osloec:2012_019This page generated on 2024-09-13 22:16:45.