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Abstract ▼ AI-Helper

To estimate the effect of retirement on self rated health status, binary logit analysis and propensity score matching was used on 1st through 3rd wave panel data from 『Korean Retirement and Income Study』. Analysis showed that retirement works to deteriorate subjective health status in Korea. Especia...

To estimate the effect of retirement on self rated health status, binary logit analysis and propensity score matching was used on 1st through 3rd wave panel data from 『Korean Retirement and Income Study』. Analysis showed that retirement works to deteriorate subjective health status in Korea. Especially, in the cases of involuntary retirement, retirement due to health reasons, and early retirement, retirement has a strong negative effect on self rated health status. If retirement has such negative influence on health, retirement can cause undesirable results not only for the affected individuals but also for the society in general; for example, premature involuntary retirement may result in higher cost of medical care and health investment. This problem will become more severe as population aging progresses. Results herein shows that effect of retirement on health must be considered when forming policies to prepare for aging society.

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