RT Journal Article
SR Electronic
T1 The Impact of Health on Labor Supply Near Retirement
JF Journal of Human Resources
FD University of Wisconsin Press
SP 1217-9240R4
DO 10.3368/jhr.58.3.1217-9240R4
A1 Blundell, Richard
A1 Britton, Jack
A1 Dias, Monica Costa
A1 French, Eric
YR 2021
UL http://jhr.uwpress.org/content/early/2020/11/04/jhr.58.3.1217-9240R4.abstract
AB Estimates of how health affects employment vary considerably. We assess how different methods and health measures impact estimates of the impact of health on employment using a unified framework for the US and England. We find that subjective and objective health measures, and subjective measures instrumented by objective measures produce similar estimates when using sufficiently rich objective measures. Moreover, a single health index can capture the relevant health variation for employment. Health deterioration explains up to 15% of the decline in employment between ages 50 and 70. Effects are larger for the US than England, and for the low educated.