LIU Shenglong;LANG Xiaojuan
Institute for Contemporary China Studies, Tsinghua University;Institute of Quantitative & Technical Economics, Chinese Academy of Social Sciences;School of Business Administration, Zhongnan University of Economics and Law
Using China Family Panel Studies (CFPS) of 2010, 2012 and 2014, this paper explores the impact of retirement on the Chinese elderly’s physical and mental health based on the mandated retirement age policy within a framework of regression discontinuity (RD).The mechanism of the impact of retirement on health is further tested. The results show that the impact of retirement on the health of males is not significant, while retirement has a significant positive influence on females’ self-reported health and mental health, the mechanism of which is that retirement significantly increases female physical exercise per week. Although retirement increases male physical exercise per week in a similar manner, it also raises the probability of overweight for males, which is likely to offset the effect of exercise to a certain extent. Chinese government is considering implementing policies for gradually postponing the retirement age of employees. The results of this paper indicate that postponing retirement should not be made at the expense of the elderly’s health, and China needs to push forward the “healthy aging” strategy.
retirement;physical health;mental health;regression discontinuity design
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