The mortality effects of retirement: evidence from Social Security eligibility at age 62

The mortality effects of retirement: evidence from Social Security eligibility at age 62

Collection:
Health Policy and Services Research
Series Title(s):
Center for Retirement Research working paper
Author(s):
Fitzpatrick, Maria D., author
Moore, Timothy J., author
Contributor(s):
Boston College. Center for Retirement Research, issuing body.
Publication:
Chestnut Hill, MA : Center for Retirement Research at Boston College, August 2016
Language(s):
English
Format:
Text
Subject(s):
Mortality
Retirement
Social Security
United States
Genre(s):
Technical Report
Abstract:
Social Security eligibility begins at age 62, and approximately one third of Americans immediately claim benefits upon reaching that age. We study the link between retirement and health by examining whether mortality changes discontinuously at this threshold. Using mortality data that covers the entire U.S. population and includes exact dates of birth and death, we document a robust two percent increase in overall male mortality immediately after age 62. The rise in mortality is closely connected to changes in labor force participation, implying that mortality increases by approximately 20 percent among those who stop working because Social Security is available.
Copyright:
Reproduced with permission of the copyright holder. Further use of the material is subject to CC BY license. (More information)
Extent:
1 online resource (1 PDF file (53 pages))
Illustrations:
Illustrations
NLM Unique ID:
101705957 (See catalog record)
Permanent Link:
http://resource.nlm.nih.gov/101705957