The Impact of Health on Labor Supply Near Retirement

Blundell, Richard; Britton, Jack; Dias, Mónica Costa; French, Eric

doi:10.2139/ssrn.3103887

Cited by 20 publications

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“…Cai and Kalb, 2006:246;Kalwij and Vermeulen, 2008:627). Some authors use objective health measures as an instrument for SRH (Blundell et al, 2017). Others (Kalwij and Vermeulen, 2008), however, argue that objective health indicators should be used in tandem with SRH because different health indicators may reflect different dimensions of health.…”

Section: A Literature Reviewmentioning

confidence: 99%

“…For example, people may use poor health conditions to validate their non-participation (Bound, 1991). To circumvent this problem, some authors (Dwyer and Mitchell, 1999;Cai and Kalb, 2006;Blundell et al, 2017) have used objective health measures to instrument SRH. Other authors (Kalwij and Vermeulen, 2008), however, argue that SRH is endogenous due to omitted objectivehealth indicators, and suggest including them as controls, assuming that SRH offers additional health information that might not be captured by the objective health indicators.…”

Section: Introductionmentioning

confidence: 99%

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2019

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Section: A Literature Reviewmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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2019

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“…One alternative approach used in the literature, see Poterba et al (2017), is to take the first principal component of the indicators as the measure of health. Another approach, see Blundell et al (2020), is to use a subjective indicator of health instrumented by objective indicators. Both approaches can be thought of as alternative ways to construct the weights in the frailty index.…”

Section: Introductionmentioning

confidence: 99%

“…4 For instance, the approach is used by Blundell et al (2016), Bound et al (1999) and Disney et al (2006) to document the differential impacts of various health dynamics on retirement. Blundell et al (2020) compare objective health measures, subjective health measures, and subjective ones instrumented with objective ones and find that, conditional on using a large enough set of objective measures, they all imply relatively similar effects of health on the labor supply of older workers.…”

Section: Introductionmentioning

confidence: 99%

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2021

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We construct a unified objective measure of health status: the frailty index, defined as the cumulative sum of all adverse health indicators observed for an individual. Using the frailty index, we document four stylized facts on health dynamics over the life cycle. We show that the facts are robust to several alternative approaches to the construction of the index. We also compare the frailty index with selfreported health status and find significant differences in their dynamics and ability to predict health-related outcomes. Finally, we propose and estimate a stochastic process for frailty dynamics over the life cycle accounting for mortality bias. Researchers can use our frailty measure and dynamic process to study the evolution of health over the life cycle and its economic implications.

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confidence: 99%

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2020

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This paper examines the effects of employment protection legislation (EPL) reforms on employment outcomes in Croatia, testing the available theoretical predictions of partial labour market reforms from the literature. With a push from the EU accession, the reforms liberalised employment protection provisions for both temporary (2013) and permanent (2014) contracts at the end of the six-year long recession thus presenting a distinctive case for policy evaluation. Using Labour Force Survey (LFS) data in the period 2007-2017 and applying the event study method in combination with probit regressions, the main results suggest that EPL reforms from 2013 and 2014 induced a rise in temporary employment, while the effects on overall employment are clearly visible only in the case of the second reform. Moreover, probit regression estimations show that specific groups of the population-females, youths, foreigners, the low-skilled and singles from rural areas-have a higher probability of ending up with temporary contracts, suggesting there is a segmentation on the Croatian labour market.

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The Impact of Health on Labor Supply Near Retirement

Cited by 20 publications

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