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Title: Health-Pension Interaction in the Analysis of Early Retirement Trends
Resulting in 1 citation.
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Chirikos, Thomas N. Nestel, Gilbert |
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Health-Pension Interaction in the Analysis of Early Retirement Trends Working Paper, Center for Human Resource Research, The Ohio State University, Columbus, 1984 Cohort(s): Older Men Publisher: Center for Human Resource Research Keyword(s): Early Retirement; Health/Health Status/SF-12 Scale; Mortality; Pensions; Retirement/Retirement Planning; Social Security; Transfers, Financial; Transfers, Public This study tests whether there is an underlying interaction between policy inducements and health-related retirement behavior. Inclusion of mortality in the model ensures that selectivity biases are minimized and permits direct testing of several key inferences made in previous studies. Findings are: (1) Work-limiting health conditions are neither permanent nor influenced exclusively by impaired physical or psychological functioning so studies using these measures as proxies for the capacity to engage in market work are likely to overstate involuntary withdrawals from the labor force. (2) Evidence of interaction effects between policy-related and health-related outcomes provides fundamental support for the hypothesis that inducements arising from social insurance and income transfer programs influence labor market behavior. (3) This analysis provides weak evidence that life expectancy biases the results of early retirement studies that use mortality and health proxy and pension wealth as indication of policy inducements. |
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Bibliography Citation
Chirikos, Thomas N. and Gilbert Nestel. "Health-Pension Interaction in the Analysis of Early Retirement Trends." Working Paper, Center for Human Resource Research, The Ohio State University, Columbus, 1984. |