NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Michael Jorgensen

The Danish National Centre for Social Research
Stradellasvej 26 1. TH
2450 KĂžbenhavn SV
Denmark

E-Mail: mic@sfi.dk
Institutional Affiliation: The Danish National Centre for Social Research

NBER Working Papers and Publications

June 2014Health, Disability Insurance, and Retirement in Denmark
with Paul Bingley, Nabanita Datta Gupta, Peder J. Pedersen
in Social Security Programs and Retirement Around the World: Disability Insurance Programs and Retirement, David A. Wise, editor
There are large differences in labor force participation rates by health status. We examine to what extent these differences are determined by the provisions of Disability Insurance and other pension programs. Using administrative data for Denmark we find that those in worse health and with less schooling are more likely to receive DI. The gradient of DI participation across health quintiles is almost twice as steep as for schooling - moving from having no high school diploma to college completion. Using an option value model that accounts for different pathways to retirement, applied to a period spanning a major pension reform, we find that pension program incentives in general are important determinants of retirement age. Individuals in poor health and with low schooling are significantl...
May 2014Health, Disability Insurance and Retirement in Denmark
with Paul Bingley, Nabanita Datta Gupta, Peder Pedersen: w20114
There are large differences in labor force participation rates by health status. We examine to what extent these differences are determined by the provisions of Disability Insurance and other pension programs. Using administrative data for Denmark we find that those in worse health and with less schooling are more likely to receive DI. The gradient of DI participation across health quintiles is almost twice as steep as for schooling - moving from having no high school diploma to college completion. Using an option value model that accounts for different pathways to retirement, applied to a period spanning a major pension reform, we find that pension program incentives in general are important determinants of retirement age. Individuals in poor health and with low schooling are significantl...
 
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