Examining the Changes in Health Investment Behavior After Retirement: A Harmonized Analysis

Motegi, Hiroyuki and Nishimura, Yoshinori and Oikawa, Masato (2017): Examining the Changes in Health Investment Behavior After Retirement: A Harmonized Analysis.

Abstract

This study examines the effects of retirement on health investment behaviors. We conduct a large-scale international comparison of the change in health investment behaviors after retirement among 9 developed countries, using harmonized datasets. We find that the changes in some of health investment behaviors (e.g., Exercise) are improved in most of the countries. With respect to exercise, the change in the opportunity cost to exercise after retirement is a possible reason to explain this improvement.

• Item Type: MPRA Paper
• Language: English
• Keywords: retirement, health investment behaviors, global aging data
• Subjects: I - Health, Education, and Welfare > I1 - Health > I12 - Health Behavior; J - Labor and Demographic Economics > J2 - Demand and Supply of Labor > J26 - Retirement ; Retirement Policies

References

Bonsang, E., Adam, S., and Perelman, S. (2012). Does retirement affect cognitive functioning? Journal of Health Economics, 31(3):490–501.

Coe, N. B. and Zamarro, G. (2011). Retirement effects on health in Europe. Journal of Health Economics, 30(1):77–86.

Eibich, P. (2015). Understanding the Effect of Retirement on Health: Mechanisms and Heterogene- ity. Journal of Health Economics, 43:1–12.

Grossman, M. (1972). On the Concept of Health Capital and the Demand for Health. Journal of Political Economy, 80(2):223–255.

Johnston, D. W. and Lee, W.-S. (2009). Retiring to the good life? The short-term effects of retirement on health. Economics Letters, 103(1):8–11.

Kerkhofs, M. and Lindeboom, M. (1997). Age related health dynamics and changes in labour market status. Health economics, 6(4):407–423.

Motegi, H., Nishimura, Y., and Terada, K. (2016). Does Retirement Change Lifestyle Habits? Japanese Economic Review, 67(2):169–191.

Rohwedder, S. and Willis, R. J. (2010). Mental Retirement. Journal of Economic Perspectives, 24(1):119–138.

Schaffer, M. (2010). xtivreg2: Stata module to perform extended iv/2sls, gmm and ac/hac, liml and k-class regression for panel data models. Available online via http://repec.org/bocode/ x/xtivreg2.html (last accessed 19.9.2016).