Upjohn Author ORCID Identifier
Series
Upjohn Institute Working Paper No. 10-163
DOI
10.17848/wp10-163
Issue Date
February 2010
Abstract
We estimate the effect of employer offers of retiree health benefits (RHBs) on the timing of retirement using a sample of Health and Retirement Study (HRS) men observed over a period of up to 12 years. We hypothesize that the effect of RHBs differs for workers of different ages-a hypothesis we can test now that the main HRS cohort has aged sufficiently. We apply three well-known panel data estimators and find that, for men in their 50s, RHBs have little or no effect on retirement decisions; however, a substantial effect emerges for men in their early 60s. We use simulations to illustrate how RHBs alter retirement patterns.
Subject Areas
LABOR MARKET ISSUES; Retirement and pensions; Wages, health insurance and other benefits; Health insurance
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Citation
Marton, James and Stephen A. Woodbury. 2010. "The Influence of Retiree Health Benefits on Retirement Patterns." Upjohn Institute Working Paper No. 10-163. Kalamazoo, MI: W.E. Upjohn Institute for Employment Research. https://doi.org/10.17848/wp10-163