Template-Type: ReDIF-Paper 1.0
Title: The Effect of Removing Early Retirement on Mortality
Author-Name: Cristina Bellés-Obrero
Author-Email: cristina.belles@ub.edu
Author-Name: Sergi Jiménez-Martín
Author-Email: sergi.jimenez@upf.edu
Author-Name: Han Ye
Author-Email: han.ye@uni-mannheim.de
Classification-JEL: I10, I12, J14, J26
Keywords: Delaying retirement, Mortality, Heterogeneity, Work conditions

Abstract: This paper studies the mortality effect of delaying retirement by investigating the impacts
of the 1967 Spanish pension reform, which affected the general population and exogenously
changed the early retirement age, depending on the date individuals started contributing to
the pension system. Using the Spanish administrative data, we find that delaying retirement
by one year increases the hazard of dying between the ages of 60 and 69 by 38 percent. We
show that the reform leads to higher mortality in all subgroups, and the effects are statistically
stronger for those employed in sectors with the highest workplace accidents and for those with
low self-value jobs. Moreover, we show that allowing flexible retirement mitigates the adverse
effects of delaying retirement.

Note: 
Length: 86
Creation-Date: 2023-04
Revision-Date: 2024-07
File-URL: https://www.crctr224.de/research/discussion-papers/archive/dp410
File-Format: application/pdf
Handle: RePEc:bon:boncrc:CRCTR224_2023_410v2