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How did European retirees respond to the COVID-19 pandemic?

Author

Listed:
  • Bertoni, Marco
  • Celidoni, Martina
  • Dal Bianco, Chiara
  • Weber, Guglielmo

Abstract

We investigate the role of retirement on the adoption of preventive behaviours and on mental health during the first wave of the pandemic. We address the endogeneity of the timing of retirement using variation in early retirement and old-age pension eligibility. We find that those who retired earlier responded to the pandemic by limiting their mobility more, and by adopting stricter preventive behaviours in public. These limitations affected the mental health of singles in retirement.

Suggested Citation

  • Bertoni, Marco & Celidoni, Martina & Dal Bianco, Chiara & Weber, Guglielmo, 2021. "How did European retirees respond to the COVID-19 pandemic?," Economics Letters, Elsevier, vol. 203(C).
    • Handle: RePEc:eee:ecolet:v:203:y:2021:i:c:s0165176521001300
    DOI: 10.1016/j.econlet.2021.109853
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    References listed on IDEAS

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    1. Celidoni, Martina & Dal Bianco, Chiara & Weber, Guglielmo, 2017. "Retirement and cognitive decline. A longitudinal analysis using SHARE data," Journal of Health Economics, Elsevier, vol. 56(C), pages 113-125.
    2. Hamermesh, Daniel S., 2020. "Lockdowns, Loneliness and Life Satisfaction," IZA Discussion Papers 13140, Institute of Labor Economics (IZA).
    3. Fabrizio Mazzonna & Franco Peracchi, 2017. "Unhealthy Retirement?," Journal of Human Resources, University of Wisconsin Press, vol. 52(1), pages 128-151.
    4. Marco Bertoni & Stefania Maggi & Guglielmo Weber, 2018. "Work, retirement, and muscle strength loss in old age," Health Economics, John Wiley & Sons, Ltd., vol. 27(1), pages 115-128, January.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Celidoni, Martina & Costa-Font, Joan & Salmasi, Luca, 2022. "Too Healthy to Fall Sick? Longevity Expectations and Protective Health Behaviours during the First Wave of COVID-19," Journal of Economic Behavior & Organization, Elsevier, vol. 202(C), pages 733-745.
    2. Bertoni, Marco & Brunello, Giorgio & Da Re, Filippo, 2023. "Pension reforms, longer working horizons and depression. Does the risk of automation matter?," Labour Economics, Elsevier, vol. 85(C).
    3. Pronkina, Elizaveta & Berniell, Inés & Fawaz, Yarine & Laferrère, Anne & Mira, Pedro, 2023. "The COVID-19 curtain: Can past communist regimes explain the vaccination divide in Europe?," Social Science & Medicine, Elsevier, vol. 321(C).
    4. Bonsang, Eric & Pronkina, Elizaveta, 2023. "Family size and vaccination among older individuals: The case of COVID-19 vaccine," Economics & Human Biology, Elsevier, vol. 50(C).
    5. Edoardo Frattola, 2023. "Parental retirement and fertility decisions across family policy regimes," Temi di discussione (Economic working papers) 1417, Bank of Italy, Economic Research and International Relations Area.
    6. Inés Berniell & Anne Laferrère & Pedro Mira & Elizaveta Pronkina, 2023. "Robinson Crusoe: less or more depressed? With whom and where to live in a pandemic if you are above 50," Review of Economics of the Household, Springer, vol. 21(2), pages 435-459, June.

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    More about this item

    Keywords

    COVID-19; Retirement; SHARE;
    All these keywords.

    JEL classification:

    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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