We present a theory of the relation between health and retirement that generates testable predictions regarding the … interaction of health, wealth and financial incentives in retirement decisions. The theory predicts (i) that wealthier individuals … (compared to poorer individuals) are more likely to retire for health reasons(affordability proposition), and (ii) that health …

We estimate the impact of health and financial incentives on the retirement transitions of older workers in Spain …. Individual measures of pension wealth, peak and accrual values are constructed using labor market histories and health shocks are … derived as changes in a composite health stock measure over time. We examine labour market exits into both old age retirement …

considered. Productivity risk in combination with a high elasticity of substitution between consumption and leisure creates a … substitutability between consumption and leisure. …

health, cognitive ability and mortality. The results are all over the place but on average it seems like at retirement mental … health improves, cognitive skills deteriorate and mortality is not affected. However, there is substantial effect … see the forest for the trees and advocate evidence-based retirement policies that take health effects into account …