Early Retirement Among Men in Britain and Germany: How Important is Health?

A.M. Jones; N. Rice; J. Roberts

doi:10.1057/gpp.2010.24

Early Retirement Among Men in Britain and Germany: How Important is Health?

Research output: Contribution to journal › Special issue › peer-review

Abstract

Britain and Germany, like much of the Western world have concerns about the ageing of the population and early exit of older workers from the labour market. Policy debates have focused on direct changes to retirement ages and incentives to encourage greater pension saving. Less attention has been paid to the role of health. We use hazard models applied to longitudinal data from Britain and Germany to estimate the effect of health on early retirement among men. Our results show that health is a key determinant, and its effect is large compared to that of other variables, including the type of pension an individual has access to. The Geneva Papers (2010) 35, 644-667. doi:10.1057/gpp.2010.24

Original language	English
Pages (from-to)	644-667
Number of pages	24
Journal	The Geneva Papers on Risk and Insurance - Issues and Practice
Volume	35
Issue number	4
DOIs	https://doi.org/10.1057/gpp.2010.24
Publication status	Published - Oct 2010

Bibliographical note

Special Issue on Health and Ageing

Keywords

health
early retirement
hazard models
HOUSEHOLD PANEL SURVEY
EMPIRICAL-EVIDENCE
DURATION MODELS
WEST-GERMANY
INCOME
DISABILITY
ATTRITION
DYNAMICS
BEHAVIOR
ERRORS

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10.1057/gpp.2010.24

http://www.palgrave-journals.com/gpp/journal/v35/n4/full/gpp201024a.html

Cite this

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title = "Early Retirement Among Men in Britain and Germany: How Important is Health?",

abstract = "Britain and Germany, like much of the Western world have concerns about the ageing of the population and early exit of older workers from the labour market. Policy debates have focused on direct changes to retirement ages and incentives to encourage greater pension saving. Less attention has been paid to the role of health. We use hazard models applied to longitudinal data from Britain and Germany to estimate the effect of health on early retirement among men. Our results show that health is a key determinant, and its effect is large compared to that of other variables, including the type of pension an individual has access to. The Geneva Papers (2010) 35, 644-667. doi:10.1057/gpp.2010.24",

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author = "A.M. Jones and N. Rice and J. Roberts",

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AU - Rice, N.

AU - Roberts, J.

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PY - 2010/10

Y1 - 2010/10

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AB - Britain and Germany, like much of the Western world have concerns about the ageing of the population and early exit of older workers from the labour market. Policy debates have focused on direct changes to retirement ages and incentives to encourage greater pension saving. Less attention has been paid to the role of health. We use hazard models applied to longitudinal data from Britain and Germany to estimate the effect of health on early retirement among men. Our results show that health is a key determinant, and its effect is large compared to that of other variables, including the type of pension an individual has access to. The Geneva Papers (2010) 35, 644-667. doi:10.1057/gpp.2010.24

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KW - hazard models

KW - HOUSEHOLD PANEL SURVEY

KW - EMPIRICAL-EVIDENCE

KW - DURATION MODELS

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KW - INCOME

KW - DISABILITY

KW - ATTRITION

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IS - 4

ER -

Early Retirement Among Men in Britain and Germany: How Important is Health?

Abstract

Bibliographical note

Keywords

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