Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/21258 
Year of Publication: 
2001
Series/Report no.: 
IZA Discussion Papers No. 398
Publisher: 
Institute for the Study of Labor (IZA), Bonn
Abstract: 
Major events in the life of an elderly individual, such as retirement, a significant decrease in income, death of the spouse, disability, and a move to a nursing home, may affect the mental health status of the individual. For example, the individual may enter a prolonged depression. We investigate this using unique longitudinal panel data that track labor market behavior, health status, and major life events, over time. To deal with endogenous aspects of these events we apply fixed effects estimation methods. We find some strikingly large effects of certain events on the occurrence of depression. We show that the results are of importance for the design of health care and labor market policy towards the elderly.
Subjects: 
Death
retirement
income loss
disease
depression
health indicators
widowhood
care
panel data
endogeneity
fixed effects
JEL: 
C5
I1
Document Type: 
Working Paper

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