Widening Health Gap in the US Labor Force Participation at Older Ages-Reference-Cited by-同舟云学术

Widening Health Gap in the US Labor Force Participation at Older Ages

Published:2023-12-01 Issue:4 Volume:69 Page:195-206
ISSN:1610-241X
Container-title:CESifo Economic Studies
language:en
Short-container-title:

Author:

Cajner Tomaz¹,Fernández-Blanco Javier²^ORCID,Sánchez-Marcos Virginia³

Affiliation:

1. Board of Governors of the Federal Reserve System

2. Universitat Autònoma de Barcelona and BSE , Bellaterra, Spain. E-mail: javier.fernandez@bse.eu

3. Universidad de Cantabria and CEPR , Santander, Spain . E-mail: sanchezv@unican.es

Abstract

Abstract Using microdata from the CPS and the HRS, we document changes in labor force participation at older ages in the USA since the mid-1990s. Our main finding is that the over two-decade increase in participation is solely driven by individuals in good health, and does not differ across either educational or occupational groups. This phenomenon may importantly affect the results of social security reforms aiming at raising the mandatory retirement age and may exacerbate the health gap in lifetime earnings. (JEL codes: J22 and I14)

Funder

Spanish Government

Spanish Agencia Estatal de Investigación

Severo Ochoa Programme for Centres of Excellence in R&D

Barcelona School of Economics

Publisher

Oxford University Press (OUP)

Subject

Economics and Econometrics,Geography, Planning and Development

Link

https://academic.oup.com/cesifo/article-pdf/69/4/195/56410087/ifad011.pdf

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5. The Impact of Health on Labor Supply near Retirement;Blundell;Journal of Human Resources,2023