Subjective health assessments and active labor market participation of older men: evidence from a semiparametric binary choice model with nonadditive correlated individual-specific effects

Détails

ID Serval
serval:BIB_4AB459822247
Type
Article: article d'un périodique ou d'un magazine.
Collection
Publications
Institution
Titre
Subjective health assessments and active labor market participation of older men: evidence from a semiparametric binary choice model with nonadditive correlated individual-specific effects
Périodique
Review of Economics and Statistics
Auteur(s)
Maurer J., Klein R., Vella F.
ISSN
0034-6535
Statut éditorial
Publié
Date de publication
2011
Peer-reviewed
Oui
Volume
93
Numéro
3
Pages
764-774
Langue
anglais
Notes
Publication type : Article
Résumé
We use panel data from the U. S. Health and Retirement Study, 1992-2002, to estimate the effect of self-assessed health limitations on the active labor market participation of older men. Self-assessments of health are likely to be endogenous to labor supply due to justification bias and individual-specific heterogeneity in subjective evaluations. We address both concerns. We propose a semiparametric binary choice procedure that incorporates nonadditive correlated individual-specific effects. Our estimation strategy identifies and estimates the average partial effects of health and functioning on labor market participation. The results indicate that poor health plays a major role in labor market exit decisions.
Mots-clé
Self-reported health, Retirement behavior, Response models, Social-security, Cross-section, Pensions, Work
Web of science
Création de la notice
05/10/2011 10:11
Dernière modification de la notice
20/08/2019 14:58
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