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Early Retirement Among Men in Britain and Germany: How Important is Health?*

Author

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  • Jennifer Roberts

    (Academic Unit of Health Economics, Leeds Institute of Health Sciences, University of Leeds, Charles Thackrah Building, 101 Clarendon Road Leeds LS2 9LJ, U.K.)

  • Nigel Rice

    (Centre for Health Economics and Related Studies, University of York, York, YO10 5DD, U.K.)

  • Andrew M Jones

    (Department of Economics and Related Studies, University of York, York YO10 5DD, U.K.)

Abstract

Britain and Germany, like much of the Western world have concerns about the ageing of the population and early exit of older workers from the labour market. Policy debates have focused on direct changes to retirement ages and incentives to encourage greater pension saving. Less attention has been paid to the role of health. We use hazard models applied to longitudinal data from Britain and Germany to estimate the effect of health on early retirement among men. Our results show that health is a key determinant, and its effect is large compared to that of other variables, including the type of pension an individual has access to.

Suggested Citation

  • Jennifer Roberts & Nigel Rice & Andrew M Jones, 2010. "Early Retirement Among Men in Britain and Germany: How Important is Health?*," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 35(4), pages 644-667, October.
    • Handle: RePEc:pal:gpprii:v:35:y:2010:i:4:p:644-667
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    Citations

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    Cited by:

    1. Peter Smith, 2019. "Can a Strong Economic Case Be Made for Investing in the NHS?," Monograph 002090, Office of Health Economics.
    2. Cintya Lanchimba & Joselyn Quisnancela & Yasmín Salazar Méndez, 2020. "The choice of elderly labor: Evidence from Ecuador," Revista de Analisis Economico – Economic Analysis Review, Universidad Alberto Hurtado/School of Economics and Business, vol. 35(1), pages 75-97, April.
    3. Kantha Dayaram & Alistair McGuire, 2019. "Retirement Reforms: Occupational Strain and Health," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 58(3), pages 522-542, July.
    4. Chiara Ardito & Roberto Leombruni & David Blane & Angelo d’Errico, 2020. "To Work or Not to Work? The Effect of Higher Pension Age on Cardiovascular Health," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 59(3), pages 399-434, July.
    5. Hyejin Kim, 2019. "Retirement and Cognitive Ability in Korea," Korean Economic Review, Korean Economic Association, vol. 35, pages 393-415.
    6. John S. Heywood & Uwe Jirjahn, 2015. "The German Labor Market for Older Workers in Comparative Perspective," Research Papers in Economics 2015-02, University of Trier, Department of Economics.
    7. John S. Heywood & Uwe Jirjahn, 2016. "The hiring and employment of older workers in Germany: a comparative perspective [Die Beschäftigung und Neueinstellung älterer Arbeitnehmer in Deutschland: Eine vergleichende Perspektive]," Journal for Labour Market Research, Springer;Institute for Employment Research/ Institut für Arbeitsmarkt- und Berufsforschung (IAB), vol. 49(4), pages 349-366, December.
    8. Jinqi Jiang & Wanzhen Huang & Zhenhua Wang & Guangsheng Zhang, 2019. "The Effect of Health on Labour Supply of Rural Elderly People in China—An Empirical Analysis Using CHARLS Data," IJERPH, MDPI, vol. 16(7), pages 1-15, April.

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