Subjective health assessments and active labor market participation of older men : evidence from a semiparametric binary choice model with nonadditive correlated individual-specific effects
Jürgen Maurer; Roger Klein; Francis Vella!060490306
We use panel data from the US Health and Retirement Study 1992-2002 to estimate the effect of self-assessed health limitations on active labor market participation of men around retirement age. Self-assessments of health and functioning typically introduce an endogeneity bias when studying the effects of health on labor market participation. This results from justification bias, reflecting an individual's tendency to provide answers which "justify" his labor market activity, and individual-specific heterogeneity in providing subjective evaluations. We address both concerns. We propose a semiparametric binary choice procedure which incorporates potentially nonadditive correlated individual-specific effects. Our estimation strategy identifies and estimates the average partial effects of health and functioning on labor market participation. The results indicate that poor health and functioning play a major role in the labor market exit decisions of older men. -- Health ; retirement ; nonadditive correlated effects ; semiparametric estimation
Year of publication: |
Dec. 2007
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Other Persons: | Maurer, Jürgen (contributor) ; Klein, Roger W. (contributor) ; Vella, Francis (contributor) |
Publisher: |
Bonn : IZA |
Subject: | Ältere Arbeitskräfte | Older workers | Erwerbstätigkeit | Employment | Gesundheit | Health | Meinung | Opinion | Präferenztheorie | Theory of preferences | USA | United States | 1992-2002 |
Saved in:
freely available
Extent: | Online-Ressource, 30 S., Text graph. Darst. |
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Series: | Discussion paper series / IZA. - Bonn : IZA, ZDB-ID 2120053-1. - Vol. 3257 |
Type of publication: | Book / Working Paper |
Type of publication (narrower categories): | Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature |
Language: | English |
Notes: | Systemvoraussetzungen: Acrobat reader |
Other identifiers: | hdl:10419/35226 [Handle] |
Classification: | I10 - Health. General |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10003684457