The paper studies the effect of health on work among older workers by eliciting 2- and 4-year-ahead subjective probabilities of working under alternative health states. These measures predict work outcomes. Person-specific differences in working probabilities across health states can be interpreted as Subjective ex ante Treatment Effects (SeaTE) in a potential outcomes framework and as taste for work within a discrete choice dynamic programming framework. There is substantial heterogeneity in expectations of work conditional on health. The paper shows how heterogeneity in taste for work correlated with health can bias regression estimates the effect of health on retirement.

SeaTE: Subjective ex ante Treatment Effect of Health on Retirement

Giustinelli, Pamela;
2024

Abstract

The paper studies the effect of health on work among older workers by eliciting 2- and 4-year-ahead subjective probabilities of working under alternative health states. These measures predict work outcomes. Person-specific differences in working probabilities across health states can be interpreted as Subjective ex ante Treatment Effects (SeaTE) in a potential outcomes framework and as taste for work within a discrete choice dynamic programming framework. There is substantial heterogeneity in expectations of work conditional on health. The paper shows how heterogeneity in taste for work correlated with health can bias regression estimates the effect of health on retirement.
2024
2023
Giustinelli, Pamela; Shapiro, Matthew D.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11565/4060916
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