Does Retirement Kill You? Evidence from Early Retirement Windows

N.B. Coe, M. Lindeboom

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The effect that health has on the retirement decision has long been studied. We examine the reverse relationship, whether retirement has a direct impact on later-life health. To identify the causal relationship, we use early retirement window offers to instrument for retirement. We find no negative effects of early retirement on men’s health, and if anything, a temporary increase in self-reported health and improvements in health of highly educated workers. While this is consistent with previous literature using Social Security ages as instruments, we also find that anticipation of retirement might be important, and bias the previous estimates downwards.
Original languageEnglish
Place of PublicationTilburg
Number of pages31
Publication statusPublished - 2008

Publication series

NameCentER Discussion Paper


  • retirement
  • depression
  • self-reported health
  • heart attack
  • cancer
  • diabetes
  • instrumental variables


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