Does Early Access to Pension Wealth Improve Health?

35 Pages Posted: 4 May 2020 Last revised: 3 Jun 2022

See all articles by Seonghoon Kim

Seonghoon Kim

Singapore Management University

Kanghyock Koh

Brown University


We examine the health impacts of early access to public pension wealth by exploiting a unique policy in Singapore allowing individuals to withdraw a proportion of their pension savings after their 55th birthday. For the identification, we employ a regression discontinuity design by comparing individuals before and after their 55th birthday. To address anticipated and lagged health impacts, we adopt the donut regression discontinuity approach. Using nationally representative monthly panel data, we find that early access to pension wealth improves self-reported overall health.

Keywords: early access to pension wealth, regression discontinuity design, health

JEL Classification: I10, H55, D15

Suggested Citation

Kim, Seonghoon and Koh, Kanghyock, Does Early Access to Pension Wealth Improve Health?. IZA Discussion Paper No. 13184, Available at SSRN:

Seonghoon Kim (Contact Author)

Singapore Management University ( email )

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Kanghyock Koh

Brown University

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