Does Early Access to Pension Wealth Improve Health?

12 Pages Posted: 6 Oct 2020

See all articles by Seonghoon Kim

Seonghoon Kim

Singapore Management University

Kanghyock Koh

Korea University - Department of Economics

Date Written: October 2020

Abstract

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. JEL

Suggested Citation

Kim, Seonghoon and Koh, Kanghyock, Does Early Access to Pension Wealth Improve Health? (October 2020). Economic Inquiry, Vol. 58, Issue 4, pp. 1783-1794, 2020, Available at SSRN: https://ssrn.com/abstract=3704798 or http://dx.doi.org/10.1111/ecin.12903

Seonghoon Kim (Contact Author)

Singapore Management University ( email )

90 Stamford Road
178903
Singapore
6568085465 (Phone)

Kanghyock Koh

Korea University - Department of Economics ( email )

145 Anam-ro Seongbuk-gu
Seoul, Seoul 02841
Korea, Republic of (South Korea)

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