Health, pensions, and the retirement decision: evidence from Canada
Authors: Tammy Schirle
Overview
Abstract (English)
Using longitudinal data from the Canadian Survey of Labour and Income Dynamics, I use an option value framework to examine the effects of health and employer provided pensions on retirement decisions. This study fills existing gaps in the literature by jointly modeling the impact of financial incentives and health on the retirement decisions of Canadians. The results indicate that both factors have substantial and significant effects on retirement, as having poor health increases the likelihood of entering retirement by up to 25 percentage points. Given the longitudinal aspect of the data, I am also able to address several identification issues discussed in the literature. The results corroborate previous evidence regarding the relative importance of attenuation and justification bias in self-reported health measures. The results also confirm U.S. and European evidence that employer-provided pensions and health are significant determinants of retirement.
Abstract (French)
Please note that abstracts only appear in the language of the publication and might not have a translation.
Details
Type | Working paper (online) |
---|---|
Author | Tammy Schirle |
Publication Year | 2007 |
Title | Health, pensions, and the retirement decision: evidence from Canada |
Series | Wilfred Laurier Department of Economics Working Paper Series |
Number | 2007-02 EC |
Publication Language | English |
- Tammy Schirle
- Working paper (online)
- Health, pensions, and the retirement decision: evidence from Canada
- Tammy Schirle
- Wilfred Laurier Department of Economics Working Paper Series
- 2007
- 2007-02 EC