The Mortality Effects of Retirement: Evidence from Social Security Eligibility at Age 62

57 Pages Posted: 27 Aug 2016

Multiple version iconThere are 2 versions of this paper

Date Written: August 2016

Abstract

Social Security eligibility begins at age 62, and approximately one third of Americans immediately claim benefits upon reaching that age. We study the link between retirement and health by examining whether mortality changes discontinuously at this threshold. Using mortality data that covers the entire U.S. population and includes exact dates of birth and death, we document a robust two percent increase in overall male mortality immediately after age 62. The rise in mortality is closely connected to changes in labor force participation, implying that mortality increases by approximately 20 percent among those who stop working because Social Security is available.

Suggested Citation

Fitzpatrick, Maria Donovan and Moore, Timothy, The Mortality Effects of Retirement: Evidence from Social Security Eligibility at Age 62 (August 2016). Available at SSRN: https://ssrn.com/abstract=2830523 or http://dx.doi.org/10.2139/ssrn.2830523

Maria Donovan Fitzpatrick (Contact Author)

Cornell University ( email )

Ithaca, NY
United States
607-255-1272 (Phone)

HOME PAGE: http://www.human.cornell.edu/bio.cfm?netid=mdf98

NBER ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Timothy Moore

George Washington University ( email )

2121 I Street NW
Washington, DC 20052
United States

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