2023-09-28 14:46:10 +00:00
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abstract: 'We investigate the consequences of experiencing an acute health shock,
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namely the first onset of myocardial infarction, stroke or cancer, on
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the labour supply of older workers in Europe. Despite its policy
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relevance to social security sustainability, the question has not yet
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been empirically addressed in the European context We combine data from
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the English Longitudinal Study of Ageing and the Survey of Health,
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Ageing and Retirement in Europe and cover sixteen European countries,
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representative of different institutional settings, in the years
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spanning from 2002 to 2013. The empirical strategy builds on the
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availability of an extremely rich set of health and labour market
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information as well as of panel data. To remove the potential
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confounding bias, a selection on observables strategy is adopted, while
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the longitudinal dimension of data allows controlling for time invariant
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unobservables. Implementation is based on a combination of
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stratification and propensity score matching methods. Results reveal
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that experiencing an acute health shock on average doubles the risk of
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an older worker leaving the labour market, and is accompanied by a
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deterioration in physical functioning and mental health, as well as by a
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reduction in perceived life expectancy. Men''s labour market response
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appears driven by the onset of impairment acting as a barrier to work.
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In the case of women, preferences for leisure and financial constraints
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seem to play a prominent role. Heterogeneity in behavioural responses
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across countries - with the largest labour supply reductions observed in
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the Nordic and Eastern countries, and England - are suggestive of a
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relevant role played by social security generosity. (C) 2016 Elsevier
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B.V. All rights reserved.'
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affiliation: 'Zantomio, F (Corresponding Author), Ca Foscari Univ Venice, Dept Econ,
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San Giobbe 873, I-30121 Venice, Italy.
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Trevisan, Elisabetta, Univ Padua, Dept Econ \& Management, I-35100 Padua, Italy.
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Trevisan, Elisabetta, Netspar, Tilburg, Netherlands.
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Zantomio, Francesca, Ca Foscari Univ Venice, Dept Econ, San Giobbe 873, I-30121
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Venice, Italy.'
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author: Trevisan, Elisabetta and Zantomio, Francesca
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author-email: francesca.zantomio@unive.it
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author_list:
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- family: Trevisan
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given: Elisabetta
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- family: Zantomio
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given: Francesca
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da: '2023-09-28'
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doi: 10.1016/j.labeco.2016.04.002
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eissn: 1879-1034
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files: []
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issn: 0927-5371
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journal: LABOUR ECONOMICS
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keywords: 'Health shocks; Labour supply; Europe; Older workers; Propensity score
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matching'
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keywords-plus: 'LONG-TERM; EARLY RETIREMENT; BREAST-CANCER; JOB MOBILITY; EMPLOYMENT;
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INSURANCE; INCOME; LIFE; EPIDEMIOLOGY; PREDICTORS'
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language: English
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month: DEC
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number: SI
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number-of-cited-references: '84'
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pages: 171-185
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papis_id: 7a35ca7edeba01cdb724e70a115685b5
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ref: Trevisan2016impactacute
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times-cited: '39'
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title: 'The impact of acute health shocks on the labour supply of older workers: Evidence
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from sixteen European countries'
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2023-10-01 08:15:07 +00:00
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type: article
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2023-09-28 14:46:10 +00:00
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unique-id: WOS:000390504600013
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usage-count-last-180-days: '4'
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usage-count-since-2013: '24'
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volume: '43'
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web-of-science-categories: Economics
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year: '2016'
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