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    Rights statement: This is the peer reviewed version of the following article: Fé, E. and Hollingsworth, B. (2015), Short- and long-run estimates of the local effects of retirement on health. Journal of the Royal Statistical Society: Series A (Statistics in Society). doi: 10.1111/rssa.12156 which has been published in final form at http://onlinelibrary.wiley.com/doi/10.1111/rssa.12156/abstract This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving.

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Short- and long-run estimates of the local effects of retirement on health

Research output: Contribution to journalJournal article

Published
<mark>Journal publication date</mark>10/2016
<mark>Journal</mark>Journal of the Royal Statistical Society: Series A (Statistics in Society)
Issue number4
Volume179
Number of pages17
Pages (from-to)1051-1067
Publication statusPublished
Early online date17/12/15
Original languageEnglish

Abstract

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.

Bibliographic note

This is the peer reviewed version of the following article: Fé, E. and Hollingsworth, B. (2015), Short- and long-run estimates of the local effects of retirement on health. Journal of the Royal Statistical Society: Series A (Statistics in Society). doi: 10.1111/rssa.12156 which has been published in final form at http://onlinelibrary.wiley.com/doi/10.1111/rssa.12156/abstract This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving.