We study the effects of public pension systems on the retirement timing of older workers and, in turn, the health … consequences of delaying retirement by those workers. Causal inference relies on a social security reform in Israel that shifted … for employment, we find that working an additional full year at old age decreases longevity. This mortality effect occurs …

longevity. Health-demanding work leads to a faster accumulation of health deficits and is remunerated with a hazard markup on … in an extension of the model with regard to endogenous retirement. …