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Sick of work or too sick to work? Evidence on health shocks and early retirement from the BHPS

Rice, N., Roberts, J. and Jones, A.M. (2007) Sick of work or too sick to work? Evidence on health shocks and early retirement from the BHPS. Working Paper. Sheffield Economic Research Paper Series (SERPS) (200700). Department of Economics, University of Sheffield ISSN 1749-8368

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Abstract

We follow individuals as they retire using discrete-time hazard models applied to a stock sample from 12 waves of the British Household Panel Survey. Results confirm that health shocks are a determinant of retirement age and are quantitatively more important than pension entitlement. This is the case for both men and women and is observed for both a measure of health limitations and a measure of latent health status obtained from a generalized ordered probit model. Further, our results provide evidence that, for women, the health status of their partner impacts on their retirement decisions; an effect that is not evident for men.

Item Type: Monograph (Working Paper)
Copyright, Publisher and Additional Information: The Sheffield Economic Research Paper Series (SERPS) offers a forum for the research output of the Department of Economics, University of Sheffield. Papers are reviewed for quality and presentation by two internal referees and a departmental editor. However, the contents and opinions expressed remain the responsibility of the author(s). Comments are welcomed and should be addressed to the individual author(s).
Keywords: health, retirement, discrete-time duration models
Institution: The University of Sheffield
Academic Units: The University of Sheffield > Faculty of Social Sciences (Sheffield) > Department of Economics (Sheffield) > Sheffield Economics Research Papers Series
Depositing User: Repository Officer
Date Deposited: 21 Oct 2009 16:12
Last Modified: 22 Dec 2015 15:59
Published Version: https://www.sheffield.ac.uk/economics/research/ser...
Status: Published
Publisher: Department of Economics, University of Sheffield
URI: http://eprints.whiterose.ac.uk/id/eprint/9959

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