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Early Retirement and Public Disability Insurance Applications: Exploring the Impact of Depression

Year: 2006

Type: report

Abstract: This paper investigates the impact of depression on labor force participation among older workers.Empirically, we use two analytic strategies and rely on a sample drawn from the Health and Retirement Survey.Depression directly and indirectly increases individuals' probability of retiring early and applying for DI benefits, after accounting for other predictors of labor force exit.Accounting for the independent effects of depression, disability associated with physical illness may be smaller than the official statistics suggest.There may be great economic gains in increasing depression treatment awareness and access to treatment for individuals, employers and society.

Source: National Bureau of Economic Research

DOI: 10.3386/w12237

Authors: Rena Conti, Ernst Berndt, Richard Frank

Institutions: National Bureau of Economic Research, Harvard University, Massachusetts Institute of Technology

Language: English

Topic: Retirement, Disability, and Employment

Subfield: Demography

Field: Social Sciences

Domain: Social Sciences

SDGs: Good health and well-being, Decent work and economic growth

Open Access status: green

Funders: Harvard University, National Institute of Mental Health

OpenAlex ID: W1575396499

Cites: 49

Cited by: 18

Related to: 10