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| Topic: |
Psychology
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| Number of pages / Number of words: |
8 / 2192 |
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Perhaps the most important motivation is that the question has clear implications for economists’ understanding of why people retire, and should inform policy makers addressing reforms to Medicare and other health insurance. If retirement improves the health of older individuals by decreasing morbidity, the cost of retirement and providing health care to the aged may be less than previously estimated...
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If retirement improves the health of older individuals by decreasing morbidity, the cost of retirement and providing health care to the aged may be less than previously estimated. Alternatively, if retirement simply preserves health, keeping relatively sick people alive longer, then health care spending may increase...
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