Does postponing minimum retirement age improve healthy behaviours before retirement? Evidence from middle-aged Italian workers

Marco Bertoni, Giorgio Brunello, Gianluca Mazzarella

Research output: Working paperProfessional

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Abstract

By increasing the residual working horizon of employed individuals, pension reforms that raise minimum retirement age are likely to affect the returns to investments in healthpromoting behaviours before retirement, with consequences for individual health. Using the exogenous variation in minimum retirement age induced by a sequence of Italian pension reforms during the 1990s and 2000s, we show that Italian males aged 40 to 49 reacted to the longer time to retirement by raising regular exercise and by reducing smoking and regular alcohol consumption. Dietary habits were also affected, with positive consequences on obesity and self-reported satisfaction with health.
Original languageEnglish
Place of PublicationMaastricht
PublisherROA
Number of pages37
DOIs
Publication statusPublished - 2016

Publication series

SeriesROA Research Memoranda
Number007

JEL classifications

  • h55 - Social Security and Public Pensions
  • i12 - Health Production
  • j26 - "Retirement; Retirement Policies"

Keywords

  • retirement
  • working horizon
  • healthy behaviours
  • pension reforms

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