Arbeitspapier

Can pensions save lives? Evidence from the introduction of old-age assistance in the UK

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I study the impact of old-age assistance on mortality using the introduction of public pensions in the UK in 1909 as a quasi-natural experiment. Exploiting the newly created pension eligibility age through a difference-in-difference as well as an event-time design, I show that elderly mortality in England and Wales declined after the pension was introduced. The estimated mortality decline is economically relevant, more pronounced in counties with a higher share of pensioners and is driven by fewer deaths from infectious as well as non-infectious diseases. An analysis of full-count individual-level census data points to a reduction in residential crowding and retirement, especially from occupations associated with high mortality rates, as likely channels.

ISBN: 978-3-96973-161-1

Language: Englisch

Bibliographic citation: Series: Ruhr Economic Papers ; No. 995

Classification: Wirtschaft
Social Security and Public Pensions
Health Behavior
Economics of the Elderly; Economics of the Handicapped; Non-labor Market Discrimination
Retirement; Retirement Policies

Subject: Old-age assistance
mortality
retirement

Event: Geistige Schöpfung

(who): Jäger, Philipp

Event: Veröffentlichung

(who): RWI - Leibniz-Institut für Wirtschaftsforschung

(where): Essen

(when): 2023

DOI: doi:10.4419/96973161

Handle: http://hdl.handle.net/10419/270929

Last update: 10.03.2025, 11:42 AM CET

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Object type

Arbeitspapier

Associated

Jäger, Philipp
RWI - Leibniz-Institut für Wirtschaftsforschung

Time of origin

2023

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