Links Between Early Retirement and Mortality
by Hilary Waldron
ORES Working Paper No. 93 (released August 2001)
ORES Working Paper No. 93 (released August 2001)
Birth cohort | Retirement age | ||||
---|---|---|---|---|---|
Exactly 62 | 62.5–62.9 | 63–63.9 | 64–64.9 | >=65 | |
1906 | 21.1 | 9.2 | 12.2 | 13.2 | 42.8 |
1907 | 22.5 | 7.5 | 11.2 | 13.5 | 43.5 |
1908 | 21.4 | 7.4 | 12.8 | 26.3 | 31.1 |
1909 | 21.8 | 7.8 | 14.6 | 22.9 | 30.5 |
1910 | 25.6 | 11.6 | 15.2 | 22.3 | 23.8 |
1911 | 31.1 | 9.7 | 15.1 | 16.8 | 26.2 |
1912 | 29.8 | 13.8 | 9.1 | 23.4 | 22.6 |
1913 | 37.9 | 7.5 | 11.6 | 22.4 | 19.1 |
1914 | 35.0 | 8.6 | 8.9 | 25.4 | 21.1 |
1915 | 36.0 | 8.2 | 10.4 | 24.7 | 18.1 |
1916 | 36.2 | 9.1 | 9.6 | 24.1 | 17.3 |
1917 | 30.6 | 11.2 | 13.8 | 26.1 | 15.4 |
1918 | 31.5 | 9.8 | 13.3 | 22.8 | 18.8 |
1919 | 38.2 | 15.4 | 7.5 | 20.1 | 14.9 |
1920 | 37.8 | 11.4 | 8.7 | 18.8 | 19.6 |
1921 | 41.5 | 10.6 | 8.9 | 19.5 | 16.1 |
1922 | 38.2 | 9.7 | 11.4 | 16.9 | 18.2 |
1923 | 40.5 | 14.5 | 8.1 | 18.3 | 14.2 |
1924 | 46.4 | 10.6 | 7.4 | 16.3 | 13.9 |
1925 | 43.6 | 10.3 | 9.9 | 20.6 | 10.6 |
1926 | 43.8 | 9.9 | 8.5 | 17.2 | 16.5 |
1927 | 43.7 | 11.4 | 7.5 | 16.0 | 18.5 |
1928 | 45.6 | 10.4 | 9.2 | 17.0 | 15.5 |
1929 | 41.3 | 11.2 | 7.3 | 19.1 | 18.0 |
1930 | 50.1 | 9.9 | 7.5 | 13.6 | 17.1 |
1931 | 49.0 | 11.6 | 9.4 | 14.3 | 15.0 |
1932 | 52.0 | 9.8 | 10.3 | 12.8 | 15.1 |
Age | retage1 | retage2 | retage3 | retage4 | reference variable (retage5) |
---|---|---|---|---|---|
Equation 4: Mortality risk by age of retirement (for married, white, edu2, born in 1926) | |||||
65 | -4.0949 | -4.2068 | -4.3007 | -4.3092 | -4.4181 |
70 | -3.6144 | -3.7263 | -3.8202 | -3.8287 | -3.9376 |
75 | -3.1339 | -3.2458 | -3.3397 | -3.3482 | -3.4571 |
80 | -2.6534 | -2.7653 | -2.8592 | -2.8677 | -2.9766 |
85 | -2.1729 | -2.2848 | -2.3787 | -2.3872 | -2.4961 |
90 | -1.6924 | -1.8043 | -1.8982 | -1.9067 | -2.0156 |
Equation 8: Age*retirement age interactions (for married, white, edu2, born in 1926) | |||||
65 | -3.8541 | -4.0739 | -4.2216 | -4.202 | -4.4452 |
70 | -3.4446 | -3.5989 | -3.721 | -3.7145 | -3.8987 |
75 | -3.0351 | -3.1239 | -3.2204 | -3.227 | -3.3522 |
80 | -2.6256 | -2.6489 | -2.7198 | -2.7395 | -2.8057 |
85 | -2.2161 | -2.1739 | -2.2192 | -2.252 | -2.2592 |
90 | -1.8066 | -1.6989 | -1.7186 | -1.7645 | -1.7127 |
NOTE: Retage3 and retage4 overlap. |
Birth cohort | No interact (equation 4) | Interact (equation 6) | ||
---|---|---|---|---|
retage1 | retage5 | retage1 | retage5 | |
1906 | -3.2102 | -3.5334 | -3.3753 | -3.3863 |
1911 | -3.2732 | -3.5964 | -3.4093 | -3.4703 |
1916 | -3.3362 | -3.6594 | -3.4433 | -3.5543 |
1921 | -3.3992 | -3.7224 | -3.4773 | -3.6383 |
1926 | -3.4622 | -3.7854 | -3.5113 | -3.7223 |
1931 | -3.5252 | -3.8484 | -3.5453 | -3.8063 |
Birth cohort | Less than 12 years | 12–15 years | 16 years or more |
---|---|---|---|
1906 | 62.1 | 29.7 | 8.3 |
1907 | 61.4 | 26.8 | 11.8 |
1908 | 59.7 | 28.6 | 11.7 |
1909 | 57.8 | 33.2 | 9.1 |
1910 | 58.0 | 33.6 | 8.4 |
1911 | 50.4 | 35.3 | 14.3 |
1912 | 53.6 | 35.3 | 11.1 |
1913 | 51.3 | 38.6 | 10.2 |
1914 | 48.0 | 39.5 | 12.6 |
1915 | 46.0 | 41.0 | 13.4 |
1916 | 42.7 | 46.4 | 10.9 |
1917 | 35.0 | 51.4 | 13.7 |
1918 | 35.6 | 49.1 | 15.2 |
1919 | 38.9 | 48.4 | 12.7 |
1920 | 33.1 | 51.8 | 15.2 |
1921 | 34.4 | 51.6 | 14.0 |
1922 | 33.0 | 49.9 | 17.1 |
1923 | 33.1 | 48.6 | 18.3 |
1924 | 28.2 | 52.2 | 19.5 |
1925 | 33.9 | 45.1 | 21.1 |
1926 | 35.4 | 45.1 | 19.5 |
1927 | 29.2 | 49.9 | 20.9 |
1928 | 29.2 | 50.7 | 20.1 |
1929 | 25.7 | 50.1 | 24.2 |
1930 | 25.2 | 50.5 | 24.3 |
1931 | 26.6 | 48.3 | 25.1 |
1932 | 24.0 | 51.4 | 24.7 |
Birth cohort | No interact (equation 4) | Interact (equation 5) | ||
---|---|---|---|---|
edu1 | edu3 | edu1 | edu3 | |
1906 | -3.2102 | -3.5284 | -3.2822 | -3.3231 |
1916 | -3.3362 | -3.6544 | -3.3232 | -3.5871 |
1926 | -3.4622 | -3.7804 | -3.3642 | -3.8511 |
1932 | -3.5378 | -3.856 | -3.3888 | -4.0095 |