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Cited by 355Retirement, Disability, and EmploymentFinancial Literacy, Pension, Retirement AnalysisLabor market dynamics and wage inequality

The DOI matches its Crossref record; 34 of the 36 references it cites were found in a registry or an index.

Ill health and retirement in Britain: A panel data-based analysis

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Disney, Richard, Emmerson, Carl, Wakefield, Matthew·2006·Journal of Health Economics
DOI 10.1016/j.jhealeco.2005.05.004
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Abstract

We examine the effect of ill health on retirement decisions in Britain, using the British Household Panel Survey (1991-1998). As self-reported health status is likely to be endogenous to the retirement decision, we instrument self-reported health by a constructed 'health stock' measure using a set of health indicator variables and personal characteristics, as suggested by Bound et al. (Bound, J., Schoenbaum, M., Stinebrickner, T.M., Waidmann, M., 1999. The dynamic effects of health on the labor force transitions of older workers. Labour Economics 6, 179-202). Using a range of econometric techniques, we show that adverse shocks to individual health stocks predict individual retirement behaviour among workers aged from 50 until state pension age. We compare responses of economic activity to constructed health measures with that arising using direct indicators of functional limitations and specific health problems. We also examine the dynamics of health shocks and whether adverse and positive health shocks have symmetric effects on transitions in and out of economic activity.

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Research works printed but not linked: 3

  1. Blundell, 1998, Pensions and labour market participation in the UK, American Economic Review, 88, 168
  2. Jenkins, 1997, sbe17: Discrete time proportional hazards regression (pgmhaz), STATA Technical Bulletin, STB-39, 22
  3. Myers, 1982, Why do people retire early from work?, Aging and Work, 5, 83

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Metadata

Authors
Disney, R., Emmerson, C., & Wakefield, M.
Affiliations
Institute for Fiscal Studies (GB)
Corresponding author
Disney, Richard
ORCID
Venue
Journal of Health Economics
Publisher
Elsevier BV
Published
2006-07
Volume
25
Issue
4
Pages
621-649
ISSN
0167-6296 (ISSN-L)
DOI
10.1016/j.jhealeco.2005.05.004
OpenAlex
W2099575156
Cited by
355
References
36
Citations by year
2026: 10 · 2025: 5 · 2024: 16 · 2023: 14 · 2022: 12 · 2021: 15 · 2020: 12 · 2019: 17 · 2018: 17 · 2017: 14 · 2016: 18 · 2015: 24 · 2014: 17 · 2013: 22 · 2012: 16
FWCI
61.46
Type
journal article
Language
en
Open access
Licence
www.elsevier.com/tdm/userlicense/1.0/ (tdm)
Locations
  • Journal of Health Economics (publishedVersion)
  • PubMed (publishedVersion)
  • RePEc: Research Papers in Economics (submittedVersion)
  • UCL Discovery (University College London) (submittedVersion)
  • OpenGrey (Institut de l'Information Scientifique et Technique) (submittedVersion)
Funders
  • University of Essex
  • Nuffield Foundation
  • Economic and Social Research Council (RES-544-28-5001)
Topics
  • Social Sciences › Demography › Retirement, Disability, and Employment
  • Social Sciences › Economics, Econometrics and Finance › Finance › Financial Literacy, Pension, Retirement Analysis
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Labor market dynamics and wage inequality
Keywords
retirement, health problems, health shocks, self-reported health, older workers, labor force transitions, functional limitations, British Household Panel Survey
MeSH terms
Aged, Female, United Kingdom, Health Status, Humans, Male, Middle Aged, Retirement, Databases as Topic

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