TY  - CHAP
AB  - Abstract A dynamic model of the evolution of health for those over the age of 50 is embedded in a structural, econometric model of retirement and saving. Effects of smoking, obesity, alcohol consumption, depression, and other proclivities on medical conditions are analyzed, including hypertension, diabetes, cancer, lung disease, heart problems, stroke, psychiatric problems, and arthritis. Compared to a population in good health, the current health of the population reduces retirement age by about one year. Including detailed health dynamics in a retirement model does not influence estimates of the marginal effects of economic incentives on retirement.
VL  - 46
SN  - 978-1-78756-462-6, 978-1-78756-461-9/0147-9121
DO  - 10.1108/S0147-912120180000046007
UR  - https://doi.org/10.1108/S0147-912120180000046007
AU  - Gustman Alan L.
AU  - Steinmeier Thomas L.
PY  - 2018
Y1  - 2018/01/01
TI  - The Role of Health in Retirement☆
T2  - Transitions through the Labor Market
T3  - Research in Labor Economics
PB  - Emerald Publishing Limited
SP  - 229
EP  - 297
Y2  - 2024/05/07
ER  -