Home > Publications . Search All . Browse All . Country . Browse PSC Pubs . PSC Report Series

PSC In The News

RSS Feed icon

Stephenson et al find "alarmingly high rates" of intimate partner violence among male couples

Stafford's findings on gender gap in children's allowances suggest entrenched nature of wage gap

Sastry et al. find parents with childhood trauma more likely to have children with behavioral health problems

More News

Highlights

Social Science One making available data that "may rival the total amount that currently exists in the social sciences"

West et al. examine HS seniors' nonmedical use of prescription stimulants to boost study

Bobbi Low retires

Seefeldt promoted to associate professor of social work, associate professor of public policy

More Highlights

Next Brown Bag

More PSC brown bags, Fall 2018

John Bound photo

Health, economic resources and the work decisions of older men

Publication Abstract

Bound, John, Todd R. Stinebrickner, and Timothy A. Waidmann. 2010. "Health, economic resources and the work decisions of older men." Journal of Econometrics, 156(1): 106-129.

In this paper, we specify a dynamic programming model that addresses the interplay among health, financial resources, and the labor market behavior of men in the later part of their working lives. Unlike previous work which has typically used self reported health or disability status as a proxy for health status, we model health as a latent variable, using self reported disability status as an indicator of this latent construct. Our model is explicitly designed to account for the possibility that the reporting of disability may be endogenous to the labor market behavior we are studying. The model is estimated using data from the Health and Retirement Study. We compare results based on our model to results based on models that treat health in the typical way, and find large differences in the estimated effect of health on behavior. While estimates based on our model suggest that health has a large impact on behavior, the estimates suggest a substantially smaller role for health than we find when using standard techniques. We use our model to simulate the impact on behavior of raising the normal retirement age, eliminating early retirement altogether and eliminating the Social Security Disability Insurance program.

DOI:10.1016/j.jeconom.2009.09.010 (Full Text)

Country of focus: United States of America.

Browse | Search : All Pubs | Next