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).
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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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