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Research ArticleArticles

Unhealthy Retirement?

Fabrizio Mazzonna and Franco Peracchi
Published online before print March 08, 2016, DOI: https://doi.org/10.3368/jhr.52.1.0914-6627R1
Fabrizio Mazzonna
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Franco Peracchi
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Abstract

We investigate the causal effect of retirement on health and cognitive abilities by exploiting the panel dimension of the first two waves of the Survey of Health Ageing and Retirement in Europe (SHARE) and the variation between and within European countries in old age retirement rules. We show evidence of substantial heterogeneity in the effect of retirement across occupational groups. In particular, we find that retirement increases the age-related decline of health and cognitive abilities for most workers. On the other hand, we find evidence of a positive immediate effect of retirement for those employed in jobs characterized by a high level of physical burden.

  • Aging
  • cognitive abilities
  • retirement
  • occupation
  • SHARE
JEL codes
  • C26
  • I14
  • J14
  • J24
  • J26

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Journal of Human Resources: 60 (3)
Journal of Human Resources
Vol. 60, Issue 3
1 May 2025
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Unhealthy Retirement?
Fabrizio Mazzonna, Franco Peracchi
Journal of Human Resources Mar 2016, DOI: 10.3368/jhr.52.1.0914-6627R1

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Unhealthy Retirement?
Fabrizio Mazzonna, Franco Peracchi
Journal of Human Resources Mar 2016, DOI: 10.3368/jhr.52.1.0914-6627R1
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Keywords

  • aging
  • cognitive abilities
  • retirement
  • occupation
  • SHARE
  • C26
  • I14
  • J14
  • J24
  • J26
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