What are the health impacts of retirement? As talk of raising retirement ages in pensions and social security schemes continues around the world, it is important to know both the costs and benefits for the individual as well as government budgets. The authors use the Survey of Health, Aging and Retirement in Europe (SHARE) dataset to address this question in a multicountry setting. Statutory retirement ages clearly induce retirement, but are not related to an individual's health. The authors find significant evidence that retirement has a health-preserving effect on overall general health but no evidence that retiring at younger ages has a health-preserving effect.
Coe, Norma B. and Gema Zamarro, Retirement Effects on Health in Europe. Santa Monica, CA: RAND Corporation, 2008. https://www.rand.org/pubs/working_papers/WR588.html.
Coe, Norma B. and Gema Zamarro, Retirement Effects on Health in Europe, Santa Monica, Calif.: RAND Corporation, WR-588, 2008. As of September 27, 2022: https://www.rand.org/pubs/working_papers/WR588.html