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Pathways to Retirement and Mortality Risk in The Netherlands

Modalités d’entrée à la retraite et risques de mortalité aux Pays-Bas
  • Adriaan KalwijEmail author
  • Rob Alessie
  • Marike Knoef
Article
  • 358 Downloads

Abstract

The success of policies aimed at keeping older workers in employment until the statutory retirement age in part depends on the health of these workers. For this reason we examine to what extent pathways to statutory retirement other than employment are associated with adverse health conditions as measured by increased mortality risk during retirement. To do so, we estimate a mortality risk model using Dutch administrative data. We find, conditional on labor market status at the age of 58 and compared to individuals who are employed until the statutory retirement age of 65, no increased mortality risk among individuals who, between the ages of 58 and 65, have been in early retirement or unemployment and an increased mortality risk among individuals who have drawn disability insurance benefits. Our results suggest that older workers other than those who qualify for disability insurance benefits, may, on average, have no significant health conditions that could adversely impact the effectiveness of reforms that create stronger financial incentives for continued employment until age 65.

Keywords

The Netherlands Mortality risk Labor market status 

Résumé

La réussite des politiques mises en place afin que les travailleurs restent sur le marché du travail jusqu’à l’âge légal de départ à la retraite dépend, entre autres, de la santé de ces travailleurs. Dans cet article, nous examinons dans quelle mesure les modalités de départ à la retraite autres que celle allant du statut d’employé à celui de retraité sont associées à des problèmes de santé estimés par une augmentation des risques de mortalité pendant la retraite. Un modèle de risques de mortalité est estimé à partir des données administratives néerlandaises. Nos résultats montrent que, selon le statut sur le marché du travail à l’âge de 58 ans et comparés à ceux qui restent employés jusqu’à l’âge légal de la retraite, les individus qui partent en retraite anticipée ou sont au chômage entre 58 et 65 ans ne présentent pas une augmentation des risques de mortalité, alors que cette augmentation existe pour les individus qui ont reçu des prestations d’assurance invalidité. Il semble donc que, à l’exception de ceux qui sont considérés comme pouvant avoir droit à l’octroi de prestations d’assurance invalidité, les travailleurs les plus âgés ne présentent pas un état de santé qui pourrait nuire à l’efficacité des réformes visant à mettre en place de fortes incitations financières pour maintenir les individus au travail jusqu’à 65 ans.

Mots-clés

Pays-Bas Risque de mortalité Statut sur le marché du travail 

Notes

Acknowledgments

We wish to thank Meltem Daysal, Manuel Flores, Ralph Stevens, the seminar participants at the Netspar workshops (December 2008; November 2010), Utrecht University School of Economics, Tilburg University and University of Santiago de Compostela, co-editor Catherine Gourbin and two anonymous referees for valuable comments and discussion. Financial support has been provided through Netspar by Stichting Instituut GAK.

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Copyright information

© Springer Science+Business Media Dordrecht 2013

Authors and Affiliations

  1. 1.Utrecht University School of EconomicsUtrechtThe Netherlands
  2. 2.Tilburg UniversityTilburgThe Netherlands
  3. 3.University of GroningenGroningenThe Netherlands
  4. 4.CentERdata (Tilburg University), Leiden UniversityLeidenThe Netherlands
  5. 5.Network for Studies on Pensions, Aging and Retirement (Netspar)UtrechtThe Netherlands

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