« Countries Became Prosperous by Studying Drucker (Who Had Studied Schumpeter) | Main | Dynamism Dying from Bad Attitudes or Bad Policies? »

Retiring Later Improves Health in Old Age

(p. 3) Despite what may seem like obvious benefits, scholars can't make definitive statements about the health effects of working longer. The research is inherently difficult: Just as retirement can influence health, so can health influence retirement.

"I would say, in my experience, the research is mixed," said Dr. Maestas of Harvard Medical School. "The studies I have seen tend to show that there are health benefits to working longer."

As the economists Axel Börsch-Supan and Morten Schuth of the Munich Center for the Economics of Aging of the Max Planck Institute for Social Law and Social Policy put it in an article for the National Bureau of Economic Research, "Even disliked colleagues and a bad boss, we argue, are better than social isolation because they provide cognitive challenges that keep the mind active and healthy."

Other studies have examined the impact of work and employment on the richness of social networks and social connectedness. The economists Eleonora Patacchini of Cornell University and Gary Engelhardt of Syracuse University tapped into a database of some 1,300 people from ages 57 to 85 that asked about their social networks in 2005 and 2010. After controlling for marital status, age, health and income, they concluded that people who continued to work enjoyed an increase in the size of their networks of family and friends of 25 percent. The social networks of retired people, on the other hand, shrank during the five-year period. In the study, the gains were found to be largely limited to women and older people with postsecondary education.

For the full commentary, see:

CHRISTOPHER FARRELL. "Retiring; Their Jobs Keep Them Healthy." The New York Times, SundayBusiness Section (Sun., MARCH 5, 2017): 3.

(Note: the online version of the commentary has the date MARCH 3, 2017, and has the title "Retiring; Working Longer May Benefit Your Health.")

The article by Börsch-Supan and Schuth, is:

Börsch-Supan, Axel, and Morten Schuth. "Early Retirement, Mental Health, and Social Networks." In Discoveries in the Economics of Aging, edited by David A. Wise. Chicago: University of Chicago Press, 2014, pp. 225-50.

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)



The StatCounter number above reports the number of "page loads" since the counter was installed late on 2/26/08. Page loads are defined on the site as "The number of times your page has been visited."

View My Stats