Later Pension, Poorer Health? Evidence from the New State Pension Age in the UK

Harvard Center for Population and Development Studies Working Paper Series

37 Pages Posted: 28 Jun 2018

See all articles by Ludovico Carrino

Ludovico Carrino

King's College London; Ca Foscari University of Venice - Dipartimento di Economia

Karen Glaser

University of London - Department of Social Science, Health and Medicine (SSHM)

Mauricio Avendano

King's College London

Date Written: June 14, 2018

Abstract

This paper examines the health impact of UK pension reforms that increased women’s State Pension age for up to six years since 2010. Exploiting an 11% increase in employment caused by the reforms, we show that rising the State Pension age reduces physical and mental health among women from routine-manual occupations. We show robust evidence that a larger increase in the State Pension age leads to larger negative health effects, resulting in a widening gap in health between women from different occupations. Our results are consistent with a 27% fall in individual incomes for women in routine-manual occupations.

Keywords: Social Security, Public Pensions, Economics of Aging, Public Health, Understanding Society

JEL Classification: J26, H75, I18, I14

Suggested Citation

Carrino, Ludovico and Glaser, Karen and Avendano, Mauricio, Later Pension, Poorer Health? Evidence from the New State Pension Age in the UK (June 14, 2018). Harvard Center for Population and Development Studies Working Paper Series. Available at SSRN: https://ssrn.com/abstract=3195760 or http://dx.doi.org/10.2139/ssrn.3195760

Ludovico Carrino (Contact Author)

King's College London ( email )

Room D11, East Wing
Strand Campus
London, WC2R 2LS
United Kingdom

HOME PAGE: http://https://kclpure.kcl.ac.uk/portal/ludovico.carrino.html

Ca Foscari University of Venice - Dipartimento di Economia ( email )

Cannaregio 873
Venice, 30121
Italy

Karen Glaser

University of London - Department of Social Science, Health and Medicine (SSHM) ( email )

Room D11, East Wing
Strand Campus
London, WC2R 2LS
United Kingdom

Mauricio Avendano

King's College London ( email )

Strand
London, England WC2R 2LS
United Kingdom

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