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July 02, 2009

Comments

Gareth Rees

But how likely is that someone in work will avoid going to a doctor with symptoms of heart disease or cancer?

It doesn't have to be very likely to explain only 3 percentage points of difference.

Bob Macdonald

Your body goes when your mind goes: and it is the mind going that is the big problem with retirement. So many people just switch off from life and it is at that point that the rest of their body goes to pot. The concept of having earned the right to disingage from social responsibility is also a toxic notion. A healthy person should rage against the machine right until they go in the grave.

kinglear

Schoolteachers, I believe, who retire at 60 last on average an extra 17 years. Those who retire at 65 do NOT last another 12 on average - but a mere 3.5.

Dirk

I think we have a problem of endogeneity here, bad health causes retirement.

Dirk

Straus

The negative effects of retirement will only get more pronounced as pensions shrink and life gets harder for the vast majority of retirees. Retirement will not be the extended vacation that it is for very many pensioners today.

chris

Dirk - we would have a problem of endogeneity if the paper looked only at raw correlations. But it didn't. It controlled for pre-retirement health conditions.

reason

Kinglear...
surely you need to control for gender! (P.S. Do you have a source for that statistic - it seems to extreme to be real to me.)

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Having good condition of health is a big aspects or factor in retirement processes. But make sure your being taken care of your employer after the service you've done.

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Guido Fawkes

Think you might be on to something. So many retired people die...

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I heard you have to go bankrupt before the government helps your medical bill after retirement. In the first place, if you have health insurance, wouldn't it cover your medical cost? (on average how much of the cost they would cover?) Secondly, what kind of income would you have earned that you cannot pay your part of the medical bill?

What is your advice for a younger person who wants to avoid bankruptcy and wnats to maintain good health and some money at retirement.

Thanks in advance.

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