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SUMMARY:Early Retirement and Mortality - Sergi Jimenez (UPF)
DTSTART;VALUE=DATE-TIME:20221013T160000
DTEND;VALUE=DATE-TIME:20221013T173000
UID:https://talks.ox.ac.uk/talks/id/9e3ab047-b06a-4b82-b077-a36b28779146/
DESCRIPTION:This paper sheds new light on the mortality effect of delaying
  retirement by investigating the Spanish 1967 pension reform. This reform 
 exogenously changed the early retirement age\, depending on the date indiv
 iduals started contributing to the Social Security system. Those contribut
 ing before 1 January 1967 maintained the right to voluntarily retire early
  (at age 60)\, while individuals who started contributing after that date 
 could not voluntarily claim a pension until the age of 65. Using the Spani
 sh administrative Social Security data\, we find that the reform delayed t
 he individuals' labour market exit by around half a year and increased the
  probability that individuals use disability pensions\, partial pensions\,
  and no pensions. We show evidence that delaying exiting employment increa
 ses the hazard of dying between the ages of 60 and 69. Heterogeneous analy
 sis indicates that the negative impact is driven by those employed in low-
 skilled\, physically and psycho-socially demanding jobs. Moreover\, we sho
 w that allowing for flexible retirement schemes\, such as partial retireme
 nt\, mitigates the negative effect of delaying retirement on mortality.\nS
 peakers:\nSergi Jimenez (UPF)
LOCATION:Manor Road Building (Seminar Room C)\, Manor Road OX1 3UQ
TZID:Europe/London
URL:https://talks.ox.ac.uk/talks/id/9e3ab047-b06a-4b82-b077-a36b28779146/
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DESCRIPTION:Talk:Early Retirement and Mortality - Sergi Jimenez (UPF)
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