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Health Problems as Determinants of Retirement: Are Self-Rated Measures Endogenous? / Debra Sabatini Dwyer, Olivia S. Mitchell.
- Format:
- Book
- Author/Creator:
- Sabatini Dwyer, Debra.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w6503.
- NBER working paper series no. w6503
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Health Problems as Determinants of Retirement
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1998.
- Summary:
- We explore alternative measures of unobserved health status in order to identify effects of mental and physical capacity for work on older men's retirement. Traditional self-ratings of poor health are tested against more objectively measured instruments. Using the Health and Retirement Study (HRS), we find that health problems influence retirement plans more strongly than do economic variables. Specifically, men in poor overall health expected to retire one to two years earlier, an effect that persists after correcting for potential endogeneity of self-rated health problems. The effects of detailed health problems are also examined in depth.
- Notes:
- Print version record
- April 1998.
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