Labor Force Participation of Mexican Elderly: the Importance of Health.

Abstract

ENASEM. Se estudió en particular la importancia de la salud en la decisión sobre la participación, tomando en cuenta la endogeneidad potencial de la salud. Los resultados indican que una mejor salud causa un mayor apego al mercado laboral. No se encontró evidencia clara de que el empleo afecte la salud, pero no puede descartarse que los efectos de las malas condiciones laborales y la justificación se eliminen mutuamente. Existen indicadores de que la autoevaluación de la salud no captura todos los aspectos relevantes de la salud. En la toma de decisiones para establecer políticas, la importancia directa de las circunstancias financieras podría ser más relevante que el papel de la salud. The determinants of the labor force participation of people in Mexico aged 50 and over are analyzed using data of the Mexican Health and Aging Study (MHAS). In particular we study the importance of health in the participation decision, taking into account the potential endogeneity of health. The results indicate that a better health causes a stronger attachment to the labor market. We find no clear evidence that employment affects health, but it cannot be ruled out that the effects of bad labor circumstances and justification eliminate each other. There are indications that self-assessed health does not capture all relevant aspects of health. For policy decisions the direct importance of financial circumstances could be more relevant than the role of health.

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