The dynamic effects of health on the labor force transitions of older workers |
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| Institution: | 1. Washington State University, Vancouver, WA, USA;2. Hennepin Healthcare Research Institute, Minneapolis, MN, USA;3. Radboud University and Radboud University Medical Center, Nijmegen, The Netherlands;4. University of Maryland, College Park, MD 20742, USA;5. Radboud University, Nijmegen, The Netherlands;6. Radboud University Medical Center, Nijmegen, The Netherlands;1. Aging Research Center, NVS Department, Karolinska Institutet, Sweden;2. Stockholm University, Sweden;3. Department of Clinical and Experimental Sciences, University of Brescia, Italy;4. Stockholm Gerontology Research Center, Stockholm, Sweden;5. Department of Geriatric Medicine, Nijmegen Alzheimer Centre 925, Radboud University Nijmegen Medical Centre, Nijmegen, The Netherlands |
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| Abstract: | This paper addresses the interplay between health and labor market behavior in the later part of the working life. We use the longitudinal Health and Retirement Survey to analyze the dynamic relationship between health and alternative labor force transitions, including labor force exit, job change and application for disability insurance. Specifically, we examine how the timing of health shocks affects labor force behavior. Controlling for lagged values of health, poor contemporaneous health is strongly associated with labor force exit in general and with application for disability insurance in particular. At the same time, our evidence suggests that controlling for contemporaneous health, poor lagged health is associated with continued participation. Thus, it appears that not just poor health, but declines in health help explain retirement behavior. We conclude that modeling health in a dynamic, longitudinal framework offers important new insights into the effects of poor health on the labor force behavior of older workers. |
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