المستودع الأكاديمي جامعة المدينة

The health gradient and early retirement: Evidence from the German Socio-economic Panel

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dc.creator Hostenkamp, Gisela
dc.creator Stolpe, Michael
dc.date 2006
dc.date.accessioned 2013-10-16T06:22:39Z
dc.date.available 2013-10-16T06:22:39Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/3946
dc.identifier ppn:522860079
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/3946
dc.description This paper examines the role of the health gradient – the positive correlation between household income and health – in individual retirement behavior, using data from the German Socio-economic Panel (GSOEP). We first estimate agegroup-specific health gradients and find their slope increases with age, but declines among retired workers. We then estimate a variety of parametric and semi-parametric duration models and find that workers? position relative to the agegroup-specific health gradient has about the same explanatory power as self-assessed health and income together. We argue our method promises better predictions of the long-term impact of policies affecting the health gradient on workers' timing of retirement amid population aging. Our findings also underline the importance of imperfect medical technology in reconciling the human capital theory of health demand with the observation of more rapid declines in health among less educated workers.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Kieler Arbeitspapiere ;1305
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject J26
dc.subject I12
dc.subject H55
dc.subject H51
dc.subject Germany
dc.subject ddc:330
dc.subject Health gradient
dc.subject Retirement behaviour
dc.subject Duration analysis
dc.subject Gesundheit
dc.subject Haushaltseinkommen
dc.subject Flexible Altersgrenze
dc.subject Altersgrenze
dc.subject Arbeitsangebot
dc.subject Entscheidung
dc.subject Schätzung
dc.subject Deutschland
dc.title The health gradient and early retirement: Evidence from the German Socio-economic Panel
dc.type doc-type:workingPaper


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