Retirement, financial incentives and health

Kerkhofs, Marcel; Lindeboom, Maarten; Theeuwes, Jan

doi:10.1016/s0927-5371(99)00016-0

Cited by 115 publications

(93 citation statements)

References 14 publications

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“…For example, Kerkhofs and Lindeboom [15] find evidence for state dependent reporting in SAH. Kerkhofs et al [16] and Lindeboom and Kerkhofs [17] find that the choice of health measure does matter for their estimates, and conclude that SAH is endogenous. In contrast, Dwyer and Mitchell [18] compare OLS and IV estimates and conclude that SAH is not endogenous and does not suffer from significant justification-bias.…”

Section: International Evidence On Health and Retirementmentioning

confidence: 97%

The effect of health changes and long-term health on the work activity of older Canadians

Crossley

Stevens

2005

Health Econ.

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Summary: Using longitudinal data from the Canadian National Population Health Survey (NPHS), we study the relationship between health and employment among older Canadians. We focus on two issues: (1) the possible problems with self-reported health, including endogeneity and measurement error, and (2) the relative importance of health changes and long-term health in the decision to work. We contrast estimates of the impact of health on employment using self-assessed health, an objective health index contained in the NPHS -the HUI3, and a "purged" health stock measure. Our results suggest that health has an economically significant effect on employment probabilities for Canadian men and women aged 50 to 64, and that this effect is underestimated by simple estimates based on self-assessed health. We also corroborate recent U.S. and U.K. findings that changes in health are important in the work decision.

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Section: International Evidence On Health and Retirementmentioning

confidence: 97%

The effect of health changes and long-term health on the work activity of older Canadians

Crossley

Stevens

2005

Health Econ.

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“…Kerkhofs et al (1999) use a competing risk model for employment duration to specify their retirement model empirically. This model allows them to deal with the censored observations and time-varying regressors (age, health, eligibility conditions and benefit replacement rates) associated with alternative retirement dates.…”

Section: Health As An Endogenous Variablementioning

confidence: 99%

Health and Retirement Decisions: An Update of the Literature

Deschryvere¹

2005

SSRN Journal

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This paper surveys the relation between the labour supply and the health of the elderly, based on major studies conducted earlier and new literature. Most of the empirical literature on the topic is drawn from American data, although new European datasets have enabled analysis in several EU countries. The paper complements previous surveys in that it includes recent European results and overviews most of the latest developments in micro-modelling issues. The quest for unbiased estimates of the effect of health on retirement is characterised by several challenges. One important challenge is the endogenous character of the relationship between health and retirement. A second challenge concerns the reporting bias to which certain health measures may be prone. The empirical literature surveyed suggests that poor health reduces the capacity to work and has a substantial impact on labour force participation. The exact magnitude, however, is sensitive to both the choice of health measures and the identification assumptions. For that reason a comparison of health effects between different studies is difficult. Nevertheless, what has been proven is that the old assumption that objective health measures are superior to subjective health measures needs to be applied with caution.JEL classification: I10, J22, J26

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“…2 On the other hand, the relatively generous DI benefits have attracted both persons who would otherwise have worked more hours and persons who would have been on early retirement benefits, unemployment benefits, or welfare. In particular, DI is considered to be an important alternative to the 'official' early retirement schemes (Woittiez et al (1994); Lindeboom (1998); Kerkhofs et al (1999)). This is further encouraged by the fact that workers experience highimplicit taxes on continued work, as DI benefits are not subject to any actuarial adjustments (Kapteyn and de Vos (1999)).…”

Section: Introductionmentioning

confidence: 99%

Financial Incentives in Disability Insurance in the Netherlands

Vuren

Vuuren

2007

De Economist

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SummaryIn this article, we assess the impact of financial incentives on the inflow in the public Disability Insurance (DI) scheme in The Netherlands. For this matter, the variation in replacement rates over different sectors is exploited to estimate the probability of DI enrolment over a sample of employees from the Dutch Income Panel (1996)(1997)(1998)(1999)(2000). On the basis of these administrative data, we find a point estimate of the elasticity of DI enrolment with respect to the DI wealth rate of 2.5. Simulations indicate that a 5%-point rise in replacement rates in the two first years of DI increases DI enrolment by 6%.

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Retirement, financial incentives and health

Cited by 115 publications

References 14 publications

The effect of health changes and long-term health on the work activity of older Canadians

The effect of health changes and long-term health on the work activity of older Canadians

Health and Retirement Decisions: An Update of the Literature

Financial Incentives in Disability Insurance in the Netherlands

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