Mental health around retirement:evidence of Ashenfelter’s dip  

作　　者：Thang T.Vo Tran T.Phu-Duyen 

机构地区：[1]Health and Agricultural Policy Research Institute,279 Nguyen Tri Phuong,District 10,72406 Ho Chi Minh City,Vietnam [2]School of Economics,University of Economics HCMC,279 Nguyen Tri Phuong,District 10,72406 Ho Chi Minh City,Vietnam

出　　处：《Global Health Research and Policy》2023年第1期184-199,共16页全球健康研究与政策（英文）

基　　金：funded by the European Commission through FP5(QLK6-CT-2001-00360);FP6(SHARE-I3:RII-CT-2006-062193,COMPARE:CIT5-CT-2005-028857,SHARELIFE:CIT4-CT-2006-028812);FP7(SHARE-PREP:No.211909,SHARE-LEAP:No.227822,SHARE M4:No.261982);funding from the German Ministry of Education and Research,the Max Planck Society for the Advancement of Science,the U.S.National Institute on Aging(U01 AG09740-13S2,P01 AG005842,P01 AG08291,P30 AG12815,r21 AG025169,Y1-AG-4553-01,IAG BSR06-11,OGHA 04-064,HHSN271201300071C)。

摘　　要：Background Mental health issues among retirees have become increasingly concerning because the aging population presents a significant challenge globally,particularly in Western countries.Previous studies on this issue are plagued with bias owing to lacking panel data and estimation strategies.This study investigated the depression levels of European adults around the time of retirement.Methods We used data obtained from Waves 1-7 of the Survey of Health,Ageing,and Retirement in Europe(SHARE)to create panel data covering the 2004-2017 period.Wave 3(SHARELIFE)was excluded from the sample because it provided mismatched information.Fixed-effects(FE)and fixed-effects instrumental variables(FE-IV)models with multiple imputations were employed to examine the impacts of retirement on mental health before and after retirement,where being over pension age(normal and early)was used as the instrument variable.Results Our results indicated that retirement based on aspirational motivations(β=−0.115,p<0.001)and positive circumstances(β=−0.038,p<0.001)significantly reduced depression,whereas retiring under negative circumstances could deteriorate one’s mental health(β=0.087,p<0.001).FE and FE-IV models indicated that overall,retiring reduced retirees’depression(β=−0.096,p<0.001 andβ=−0.261,p<0.001,respectively).The results of FE-IV models showed that adults planning to retire in the next two years experienced less depression compared with others in the workforce(λ=−0.313,p<0.01).These adults must have adjusted their lifestyles in response to their impending retirement,thereby evincing Ashenfelter’s dip.Two years after retirement,when the“honeymoon”phase was over,retirees may have completely adapted to their new lives and the effect of retirement was no longer important.Conclusions Retirement improves mental health before it happens,but not after.Increasing the pension eligibility age may postpone the beneficial effects of retirement on health.However,policy implications should be tailored according to

关 键 词：RETIREMENT Mental health Instrumental variable SHARE Panel data Ashenfelter’s dip 

分 类 号：C92[社会学—人口学]