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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Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - Short- and long-run estimates of the local effects of retirement on health
AU - Fe, Eduardo
AU - Hollingsworth, Bruce Philip
N1 - 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.
PY - 2016/10
Y1 - 2016/10
N2 - 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.
AB - 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.
KW - Health
KW - Instrumental variables
KW - Regression discontinuity
KW - Retirement
KW - Wild bootstrap
U2 - 10.1111/rssa.12156
DO - 10.1111/rssa.12156
M3 - Journal article
VL - 179
SP - 1051
EP - 1067
JO - Journal of the Royal Statistical Society: Series A Statistics in Society
JF - Journal of the Royal Statistical Society: Series A Statistics in Society
SN - 0964-1998
IS - 4
ER -