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Discussion Paper Details
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Title: Fatal Attraction? Access to Early Retirement and Mortality
Author(s): Andreas Kuhn, Jean-Philippe Wuellrich and Josef Zweimüller
Publication Date: September 2010
Keyword(s): early retirement, endogeneity, health behavior, instrumental variable, mortality and premature death
Programme Area(s): Labour Economics
Abstract: We estimate the causal e ffect of early retirement on mortality for blue-collar workers. To overcome the problem of endogenous selection, we exploit an exogenous change in unemployment insurance rules in Austria that allowed workers in eligible regions to withdraw from the workforce up to 3.5 years earlier than those in non-eligible regions. For males, instrumental-variable estimates show a significant 2.4 percentage points (about 13%) increasein the probability of dying before age 67. We do not find any adverse effect early retirement onmortality for females. Death causes indicate a significantly higher incidence of cardiovascular disorders among eligible workers, suggesting that changes in health-related behavior explain increased mortality among male early retirees.
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Bibliographic Reference
Kuhn, A, Wuellrich, J and Zweimüller, J. 2010. 'Fatal Attraction? Access to Early Retirement and Mortality'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=8024