The impact of health on individual retirement plans: Self-reported versus diagnostic measures

Health Economics

Volumn 19, Issue 7, 2010, Pages 792-813

  Datta Gupta, Nabanita ^a   Larsen, Mona ^b  

^a AARHUS UNIVERSITY   (Denmark)

^b VIVE THE DANISH CENTER FOR SOCIAL SCIENCE RESEARCH   (Denmark)

Author keywords

Health effects; Labor issues; Medical diagnoses; Retirement planning

Indexed keywords

ADULT; AGED; ARTICLE; CARDIOVASCULAR DISEASE; CLINICAL FEATURE; CONTROLLED STUDY; ECONOMIC EVALUATION; FEMALE; GERIATRIC CARE; HEALTH SURVEY; HUMAN; LUNG DISEASE; MAJOR CLINICAL STUDY; MALE; MUSCULOSKELETAL DISEASE; MYALGIA; OSTEOARTHRITIS; OUTCOME ASSESSMENT; PRIORITY JOURNAL; RETIREMENT; SELF REPORT;

AGED; BIAS (EPIDEMIOLOGY); DATA COLLECTION; DECISION MAKING; DENMARK; EMPIRICAL RESEARCH; EMPLOYMENT; FEMALE; HEALTH STATUS; HEALTH SURVEYS; HUMANS; LONGITUDINAL STUDIES; MALE; MIDDLE AGED; RETIREMENT;

EID: 77953560004     PISSN: 10579230     EISSN: 10991050     Source Type: Journal    
DOI: 10.1002/hec.1523     Document Type: Article

References (28)

1. Anderson KH, Burkhauser RV. 1985. The retirement-health nexus: a new measure of on old puzzle. The Journal of Human Resources 20(3): 315-330.
2. Baker M, Stabile M, Deri C. 2004. What do self-reported, objective, measures of health measure? Journal of Human Resources 39(4): 1067-1093.
3. Bazzoli GJ. 1985. The early retirement decision: new empirical evidence on the influence of health. The Journal of Human Resources 20(2): 214-234.
4. Benítez-Silva H, Buchinsky M, Chan HM, Cheidvasser S, Rust J. 2004. How large is the bias in self-reported disability? Journal of Applied Econometrics 19: 649-670.
5. Benítez-Silva H, Dwyer DS. 2005. The rationality of retirement expectations and the role of new information. Review of Economics and Statistics 87(3): 587-592.
6. Benítez-Silva H, Dwyer DS. 2006. Expectation formation of older married couples and the rational expectations hypothesis. Labour Economics 13(2): 191-218.
7. Bird C, Fremont A, Bierman A, Wickstrom S, Shah M, Rector T, Horstman T, Escarce J. 2007. Does quality of care for cardiovascular disease and diabetes differ by gender for enrollees in managed care plans? Women's Health Issues 17(3): 131-138.
8. Bound J. 1991. Self-reported versus objective measures of health in retirement models. The Journal of Human Resources 26(1): 106-138.
9. Case A, Paxson C. 2004. Sex differences in morbidity and mortality. NBER Working Paper 10653.
10. Catsiapis G, Robinson C. 1982. Sample selection bias with multiple selection rules. An application to student aid grants. Journal of Econometrics 18: 351-368.
11. Christensen BJ, Datta Gupta N. 1994. A dynamic programming model of married couples' retirement behavior. CAE Working Paper, No. 94-02, Cornell University.
12. Dave D, Rashad I, Spasojevic J. 2006. The effects of retirement on physical and mental health outcomes. NBER Working Paper, No. 12123.
13. Disney R, Tanner S. 1999. What can we learn from retirement expectation data? The Institute for Fiscal Studies. Working Paper Series No. W99/17.
14. Dwyer DS, Hu J. 2000. Retirement expectations and realizations: the role of health shocks and economic factors. In Forecasting Retirement Needs and Retirement Wealth, Mitchell OS, Hammond PB, Rappaport AM (eds). University of Pennsylvania Press: Philadelphia.
15. Dwyer DS, Mitchell OS. 1999. Health problems as determinants of retirement: are self-rated measures endogenous? Journal of Health Economics 18:173-193.
16. Gustman A, Steinmeier T. 2000. Retirement in dual career families: a structural model. Journal of Labor Economics 18(3): 503-545.
17. Heckman JJ, Vytlacil EJ. 1999. Local instrumental variables and latent variable models for identifying and bounding treatment effects. Proceedings of the National Academy of Science 96: 4730-4734.
18. Hurd MD. 2000. The joint retirement decisions of husbands and wives. In Issues in the Economics of Aging, Wise DA (ed.). University of Chicago Press for NBER: Chicago; 231-258.
19. Kerkhofs MKM, Lindeboom M. 1995. Subjective health measures and state dependent reporting errors. Health Economics 4: 221-235.
20. Larsen M, Datta Gupta N. 2004. The impact of health on individual retirement plans - a panel analysis comparing self-reported versus diagnostic measures. Working Paper 04-7, Department of Economics, Aarhus School of Business.
21. Larsen M, Pedersen PJ. 2008. Pathways to early retirement in Denmark, 1984-2000. International Journal of Manpower 29(5): 384-409.
22. Lumsdaine RK, Mitchell OS. 1999. New developments in the economic analysis of retirement. In Handbook of Labor Economics, Ashenfelter, Card (eds), Chapter 3, vol. 49: 3261-3307.
23. McGarry K. 2004. Health and retirement: do changes in health affect retirement expectations? Journal of Human Resources 39(3): 624-64.
24. Rosenzweig MR, Wolpin KI. 2000. Natural 'natural experiments' in economics. Journal of Economic Literature 38: 827-874.
25. Semykina A, Wooldridge JM. 2005. Estimating panel data models in the presence of endogeneity and selection: theory and application. Unpublished manuscript.
26. Stern S. 1989. Measuring the effect of disability on labor force participation. Journal of Human Resources 24: 361-395.
27. Vella F. 1998. Estimating models with sample selection bias: a survey. Journal of Human Resources 33(1): 127-169 (Pubitemid 128603279)
28. Wiesenfeld-Hallin Z. 2005. Sex differences in pain perception. Gender Medicine 2(3): 137-145.