Early Retirement and Post Retirement Health

44 Pages Posted: 28 Jun 2014

See all articles by Daniel Hallberg

Daniel Hallberg

Swedish Social Insurance Inspectorate (ISF)

Per Johansson

IFAU - Institute for Labour Market Policy Evaluation; Uppsala University - Department of Economics; IZA Institute of Labor Economics

Malin Josephson

Uppsala University

Abstract

This paper studies empirically the consequences of retirement on health. We make use of a targeted retirement offer to army employees 55 years of age or older. Before the offer was implemented in the Swedish defense, the normal retirement age was 60 years of age. Estimating the effect of the offer on individuals' health within the age range 56-70, we find support for a reduction in both mortality and in inpatient care as a consequence of the early retirement offer. Increasing the mandatory retirement age may thus not only have positive government income effects but also negative effects on increasing government health care expenditures.

Keywords: health, mortality, inpatient care, retirement, health care, pensions, occupational pensions

JEL Classification: J22, J26, I18

Suggested Citation

Hallberg, Daniel and Johansson, Per and Josephson, Malin, Early Retirement and Post Retirement Health. IZA Discussion Paper No. 8260. Available at SSRN: https://ssrn.com/abstract=2460203

Daniel Hallberg (Contact Author)

Swedish Social Insurance Inspectorate (ISF) ( email )

Box 202
Stockholm, 101 24
Sweden

Per Johansson

IFAU - Institute for Labour Market Policy Evaluation ( email )

Box 513
751 20 Uppsala
Sweden
+ 46 18 471 70 86 (Phone)
+ 46 18 471 70 71 (Fax)

Uppsala University - Department of Economics ( email )

Uppsala, 751 20
Sweden

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Malin Josephson

Uppsala University ( email )

Box 513
Uppsala, 751 20
Sweden

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