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
Date Written: June 14, 2018
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: Suggested Citation