2006
DOI: 10.3386/w12237
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Early Retirement and Public Disability Insurance Applications: Exploring the Impact of Depression

Abstract: This paper investigates the impact of depression on labor force participation among older workers. Empirically, we use two analytic strategies and rely on a sample drawn from the Health and Retirement Survey. Depression directly and indirectly increases individuals' probability of retiring early and applying for DI benefits, after accounting for other predictors of labor force exit. Accounting for the independent effects of depression, disability associated with physical illness may be smaller than the officia… Show more

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Cited by 19 publications
(15 citation statements)
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References 25 publications
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“…Mental health factors, such as depression, were not measured. Depression can increase the risk of retirement38 and decrease blood pressure 39. In such a context, if retirement has a beneficial effect on hypertension,22 depression may lead to positive confounding bias likely to underestimate the true job status–hypertension association.…”
Section: Discussionmentioning
confidence: 99%
“…Mental health factors, such as depression, were not measured. Depression can increase the risk of retirement38 and decrease blood pressure 39. In such a context, if retirement has a beneficial effect on hypertension,22 depression may lead to positive confounding bias likely to underestimate the true job status–hypertension association.…”
Section: Discussionmentioning
confidence: 99%
“…The positive indicators measure whether the respondent felt happy and enjoyed life, all or most of the time. 12 The eight-item version has been found to have good psychometric properties. Coefficient alpha for the eight-item scale was found to be 0.86 in the derivation sample, whereas the same sample's alpha reliability coefficient for the full CES-D was 0.87.…”
Section: Variablesmentioning
confidence: 99%
“…49-52 Depression negatively affects labor market activity, including at the retirement transition, 53-58 is associated with substantial functional impairment, 59 and may also be a consequence of retirement transitions. 60-63 Given the centrality of retirement transitions in the lives of older adults, coupled with the implications that these changes have on individuals, their families, employers, the health system, and the US government, there is a need for a comprehensive understanding of the dynamic relationship between depression and retirement, and how this relationship may differ across population subgroups.…”
Section: Example: Bidirectional Relationship Between Depression and Rmentioning
confidence: 99%