Working Paper: NBER ID: w19913
Authors: Pilar Garcagmez; Sergi Jiménez-Martín; Judit Vall Castell
Abstract: In this work we combine wage data from Social Security working histories and health information available in the Survey of Health and Retirement in Europe to explore the link between health, financial incentives and retirement in Spain. Our results show that individuals in worse health quintiles are, indeed, the more responsive to financial incentives as they prove to be less likely to retire when incentives to continue working increase.
Keywords: financial incentives; health; retirement; Spain
JEL Codes: H55; I18; J11
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| Financial incentives (M52) | Decreased likelihood of retirement (J26) |
| Health status (I14) | Responsiveness to financial incentives (G40) |
| Financial incentives (M52) | Retirement decisions (J26) |