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The Impact of Health on Labor Supply Near Retirement

Blundell, RW; Britton, J; Costa Dias, M; French, E; (2021) The Impact of Health on Labor Supply Near Retirement. Journal of Human Resources 10.3368/jhr.58.3.1217-9240R4. (In press). Green open access

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Abstract

Estimates of how health affects employment vary considerably. We assess how different methods and health measures impact estimates of the impact of health on employment using a unified framework for the US and England. We find that subjective and objective health measures, and subjective measures instrumented by objective measures produce similar estimates when using sufficiently rich objective measures. Moreover, a single health index can capture the relevant health variation for employment. Health deterioration explains up to 15% of the decline in employment between ages 50 and 70. Effects are larger for the US than England, and for the low educated.

Type: Article
Title: The Impact of Health on Labor Supply Near Retirement
Open access status: An open access version is available from UCL Discovery
DOI: 10.3368/jhr.58.3.1217-9240R4
Publisher version: https://doi.org/10.3368/jhr.58.3.1217-9240R4
Language: English
Additional information: This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions.
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL SLASH
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics
URI: https://discovery.ucl.ac.uk/id/eprint/10112633
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