Recessions, Older Workers, and Longevity: How Long Are Recessions Good for Your Health?

A-Tier
Journal: American Economic Journal: Economic Policy
Year: 2014
Volume: 6
Issue: 3
Pages: 92-119

Score contribution per author:

1.341 = (α=2.01 / 3 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Although past research has found that recessions reduce contemporaneous mortality, workers nearing retirement age may experience reduced longevity attributable to lengthy unemployment spells and lost health insurance at a particularly vulnerable time. To test this hypothesis, we generate age-specific cohort survival probabilities using 1965–2008 Vital Statistics mortality data and link them to labor market conditions at earlier ages. Our results indicate that experiencing a recession in one's late 50s reduces longevity. We also find that it leads to several years of reduced employment, health insurance coverage, and health care utilization, which may contribute to the lower long-term likelihood of survival.

Technical Details

RePEc Handle
repec:aea:aejpol:v:6:y:2014:i:3:p:92-119
Journal Field
General
Author Count
3
Added to Database
2026-01-25