By Sudhanshu Handa
This paper explores the influence of six noncommunicable continual illnesses (NCCDs) on Jamaicans' judgements to retire. utilizing the 1991 and 1992 Survey of residing stipulations database it examines the considerably damaging impression that NCCDs have on humans last in employment. Chapters current findings that recommend the necessity to combine well-being and exertions marketplace guidelines; speak about wellbeing and fitness transition and the exertions marketplace in Jamaica; supply facts, samples, and health and wellbeing measures; offer an econometric version; learn NCCDs in recognize to gender and different social matters; and current sensitivity research at the influence of actual future health prestige on employment.
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Extra info for Chronic illness and retirement in Jamaica
Expenditures can be viewed as a proxy for long run permanent income if households smooth their consumption in the face of transitory income shocks. 21 The regressions had an R-squared of approximately 50%-detailed results are available from the authors. Page 22 We initially focus on male-female differences in the impact of chronic diseases on remaining in employment, and thus estimate a switching regression where all variables are interacted with a dummy equal to one if the individual is male. This method allows formal hypothesis tests of equality of NCCD effects across gender.
Stern 1989) and thus that coefficient estimates suffer more from underestimation than from exaggeration. However, this does not imply that for certain groups endogeneity is not a problem. For example, because the wealthy have better access to pensions, the coefficient on the health variable may be overestimated if pension is not separately controlled. Our conclusion regarding the suitability of binary self-reported chronic disease measures for the study of retirement behavior is somewhat agnostic.
First, we provide some results using the activity limitation variables contained in the Jamaican SLC 1989-II survey (Handa and Neitzert 1996) to assess whether the chronic disease measures are limited because they do not indicate disease severity. We also re-estimate our chronic disease specifications over different sub-samplesformal sector workers17 and those who were told of their chronic condition by a health practitionerto try and control for some of the measurement and endogeneity issues discussed above.
Chronic illness and retirement in Jamaica by Sudhanshu Handa