Health, cognition and work capacity beyond the age of 50: international evidence on the extensive and intensive margin of work

Fuente: Organización Internacional del Trabajo (OIT)
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1. Verfasser: Vincent Vandenberghe
Format: Artículo científico
Veröffentlicht: International Labour Organization 2021
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author Vincent Vandenberghe
author_facet Vincent Vandenberghe
Vincent Vandenberghe
contents Health, cognition and work capacity beyond the age of 50: international evidence on the extensive and intensive margin of work Vincent Vandenberghe Many recent reforms raise the age of retirement. But can all older individuals work longer? To answer that question this paper uses the European SHARE survey. Results are essentially fivefold. First, physical health and cognitive performance deteriorate with age. Second, the 50-54 employment rate is negatively impacted by ill health, less so by poor cognition. Third, ill health affects employment much more than hours. Fourth, there is no evidence of health justification bias (Bound, 1991). Finally, declining health & cognition explain at most 35% of the observed work reduction. This hints at a sizeable underused work capacity among elderly Europeans. publication.journalArticle
format Artículo científico
id ilo_995218750202676
institution Organización Internacional del Trabajo (OIT)
publishDate 2021
publisher International Labour Organization
spellingShingle Health, cognition and work capacity beyond the age of 50: international evidence on the extensive and intensive margin of work
Vincent Vandenberghe
Health, cognition and work capacity beyond the age of 50: international evidence on the extensive and intensive margin of work Vincent Vandenberghe Many recent reforms raise the age of retirement. But can all older individuals work longer? To answer that question this paper uses the European SHARE survey. Results are essentially fivefold. First, physical health and cognitive performance deteriorate with age. Second, the 50-54 employment rate is negatively impacted by ill health, less so by poor cognition. Third, ill health affects employment much more than hours. Fourth, there is no evidence of health justification bias (Bound, 1991). Finally, declining health & cognition explain at most 35% of the observed work reduction. This hints at a sizeable underused work capacity among elderly Europeans. publication.journalArticle
title Health, cognition and work capacity beyond the age of 50: international evidence on the extensive and intensive margin of work
url https://researchrepository.ilo.org/esploro/outputs/journalArticle/Health-cognition-and-work-capacity-beyond/995218750202676