Work Beyond the Age of 50. What Role for Mental v.s. Physical Health?

This paper contributes to the literature on old employment barriers by exploring empirically the relative importance of mental v.s. physical health in determining work. It combines regression and variance decomposition analyses to quantify the respective role of mental v.s. physical health. The data used are from SHARE and inform in great detail on the health but also work status (i.e. employment and hours) of individuals aged 50+, interviewed between 2004 and 2017 in 21 European countries. The main result of the paper is that of the rather limited role of mental health