We study the effects of public pension systems on the retirement timing of older workers and, in turn, the health …. The results imply a small value for an additional year of life, suggesting that workers underestimate the health cost of …

A central question of interdisciplinary health research is whether the life years gained through increasing life … expectancy are primarily spent in good or poor health. Two opposing models have been proposed: "expansion of morbidity" and … on the particular dimension of health under consideration. In this paper we hypothesize that the longitudinal health …