The Mental Health Effects of Retirement

53 Pages Posted: 4 Dec 2019

See all articles by Matteo Picchio

Matteo Picchio

Polytechnic University of Marche

Jan van Ours

Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE)

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Date Written: November 2019

Abstract

We study the retirement effects on mental health using a fuzzy regression discontinuity design based on the eligibility age to the state pension in the Netherlands. We find that the mental effects are heterogeneous by gender and marital status. Retirement of partnered men positively affects mental health of both themselves and their partners. Single men retiring experience a drop in mental health. Female retirement has hardly any effect on their own mental health or the mental health of their partners. Part of the effects seem to be driven by loneliness after retirement.

Keywords: Happiness, health, regression dicontinuity, retirement, Well-being

JEL Classification: H55, J14, J26

Suggested Citation

Picchio, Matteo and van Ours, Jan, The Mental Health Effects of Retirement (November 2019). CEPR Discussion Paper No. DP14135, Available at SSRN: https://ssrn.com/abstract=3496624

Matteo Picchio (Contact Author)

Polytechnic University of Marche ( email )

Piazzale Martelli 8
Ancona, 60121
Italy

Jan Van Ours

Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE) ( email )

P.O. Box 1738
3000 DR Rotterdam, NL 3062 PA
Netherlands

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