We estimate the impact of health and financial incentives on the retirement transitions of older workers in Spain … derived as changes in a composite health stock measure over time. We examine labour market exits into both old age retirement … in the case of the broad definition of retirement. Initial health stock shows a significant impact on both definitions of …

We estimate the impact of health and financial incentives on the retirement transitions of older workers in Spain … derived as changes in a composite health stock measure over time. We examine labour market exits into both old age retirement … in the case of the broad definition of retirement. Initial health stock shows a significant impact on both definitions of …

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 … health events, proxied by unanticipated hospitalizations, to information on retirement decisions and actual incentives from …

disparities in health by SES. In our model, lifestyle factors, working conditions, retirement, living conditions and curative care …Understanding of the substantial disparity in health between low and high socioeconomic status (SES) groups is hampered … are mechanisms through which SES, health and mortality are related. Our model predicts a widening and possibly a …

This paper focuses on the relation between worker's productivity and retirement decision. Assuming that productivity … worker buys an insurance, which gives a constant income and retirement benefits in exchange for the total output. The level … of income and benefits is set to maximize lifetime utility. In such framework we find the retirement threshold of …

increasingly important factor in the retirement decision. Therefore it is relevant to know whether workers with a different … workers so far has concentrated on properties of the pension system and health status. For a sample of elderly male workers in …

rnarket status is expected to have a (reverse) causal effect on health. A solution to the 'Health and Retirement Nexus …-assessed health measures are usually at hand in empiricalanalyses and research indicates that these may be affected by endogenous …, state dependent, reporting behaviour. Furthermore, even if an objective health measure is used, it is not likely to be …

of health behavior, and exploiting both lottery winnings and inheritances to test the theory. We distinguish between the … direct monetary cost and the indirect health cost (value of health lost) of unhealthy consumption. The health cost increases …, but fewer severely unhealthy goods. The empirical evidence presented suggests that differences in health costs may indeed …

disparities in health by SES. In our model, lifestyle factors, working conditions, retirement, living conditions and curative care …Understanding of the substantial disparity in health between low and high socioeconomic status (SES) groups is hampered … are mechanisms through which SES, health and mortality are related. Our model predicts a widening and possibly a …