Does Early Access to Pension Wealth Improve Health?
35 Pages Posted: 4 May 2020 Last revised: 6 May 2025
Seonghoon Kim
Singapore Management University
Kanghyock Koh
Brown University
Abstract
We examine the health impacts of early access to public pension wealth by exploiting a unique policy in Singapore allowing individuals to withdraw a proportion of their pension savings after their 55th birthday. For the identification, we employ a regression discontinuity design by comparing individuals before and after their 55th birthday. To address anticipated and lagged health impacts, we adopt the donut regression discontinuity approach. Using nationally representative monthly panel data, we find that early access to pension wealth improves self-reported overall health.
Keywords: early access to pension wealth, regression discontinuity design, health
JEL Classification: I10, H55, D15
Suggested Citation: Suggested Citation
Seonghoon Kim (Contact Author)
Singapore Management University ( email )
90 Stamford Road
178903
Singapore
68085465 (Phone)
178903 (Fax)
HOME PAGE: http://https://sites.google.com/site/econseonghoon/
Kanghyock Koh
Brown University
No Address Available
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