It’s Important To Work
Your life may depend on it:
We estimate the causal effect of permanent and premature exits from the labor force on mortality. To overcome the problem of negative health selection into early retirement, we exploit a policy change in unemployment insurance rules in Austria that allowed workers in eligible regions to exit the labor force 3 years earlier compared to workers in non-eligible regions. Using administrative data with precise information on mortality and retirement, we find that the policy change induced eligible workers to exit the labor force significantly earlier. Instrumental variable estimation results show that for men retiring one year earlier causes a 6.8% increase in the risk of premature death and 0.2 years reduction in the age at death, but has no significant effect for women.
- A work component to UBI might be smart.
- Does this matter for younger people? If so, it endorses child care so that people like me have regular jobs.
- The protestant work ethic is redeemed!
- It’s actually impossible to tease out all of the confounding factors for something like this.