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Health, Financial Incentives and Retirement in Spain
Tinbergen Institute via Social Science Research Network 
Oct. 6, 2008
Excerpt: Unlike previous literature, we find that (i) financial incentives, when measured adequately, exert a greater impact on retirement behaviour than health shocks, and (ii) initial health stock plays a more important role than health shocks in determining retirement decisions. We also perform simulations of a recently enacted reform of pension incentives and show how its expected effects compare to those of health improvements.
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