Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments August 25, 2022 erstellt
Description:
Using the exogenous rule for the public pension benefit and a dataset for the elderly population from South Korea – one of the developed Asian countries, I provide new evidence of how pension eligibility affects retirement and healthcare utilization. To overcome selection bias, I rely on a regression discontinuity design (RDD) to compare the outcomes of those barely above and below eligibility age thresholds. The findings indicate that crossing pensionable ages increases the probability of being in retirement and inpatient care utilization, while doing so has no significant effect on outpatient care utilization. The local average treatment effect (LATE) of retirement on healthcare utilization is consistent with previous studies in developing country or some high-income countries finding that retirement has a positive impact on inpatient care utilization. However, an additional analysis relying on the Intent-to-Treat (ITT) parameters for covariates-based subgroups suggests that retirement might not be a strong driver of the changes in inpatient care utilization across all subgroups