Editing Retirement (section)

=== United States ===
[[File:20200101 Life expectancy increases with age already achieved - chart.svg|thumb |Life expectancy in the U.S.<ref name=SocSecPeriodLifeExpectancy_2020/> substantially exceeds the average retirement age. Those retiring in their sixties are projected to live into their eighties; further, life expectancy increases as one ages.]]
* Quinn et al. (1998) find significant correlation between health status and retirement status. They transform answers for question about health status from five levels ("excellent", "very good", "good", "fair" and "poor") into three levels and report results for three groups of people. 85% of respondents who answered "excellent" or "very good" to the question about their health in 1992 were still working two years after this interview, compared to 82% of those who answered "good", and 70% of those answered "fair" or "poor". This fact is also true for year 1996: 73% of people from the first group were still on the job market, while this is 66% and 55% for other groups of people.<ref>Quinn, J., R. Burkhauser, K. Cahill and R. Weather. 1998. "Microeconometric Analysis of the Retirement Decision: The United States”, OECD Economics Department Working Paper No. 203</ref> However, Dhaval, Rashad and Spasojevic (2006) using data from six waves of [[Health and Retirement Survey]] (HRS) show that relationship between retirement and health status can imply the opposite effect in reality: physical and mental health decline after retirement.<ref>Dhaval, D., I. Rashad, and J. Spasojevic. 2006. “The Effects of Retirement on Physical and Mental Health Outcomes”, NBER Working Paper w12123</ref>
* Benitez-Silva (2000) analyzes determinants of labor force status and retirement process among elderly US citizens and possibility of decision returning to work using [[logit]] and [[probit]] models. He uses Health and Retirement Survey (HRS) for this purpose and finds that physical and mental health has significant effect on becoming employed. Male respondents are more likely to change their status from being not-employed to employed, but being insured has a negative effect on switching job status from “not-employed" to "employed" for people aged 60–62 and insignificant effect for 55–59 and aged over 63.<ref>Benitez-Silva, H. 2000. "Micro Determinants of Labor Force Status Among Older Americans", SUNY-Stony Brook Department of Economics Working Papers 00-07</ref>