… We find that average health declines over retirement years, … health at the time of retirement.
Retirees face substantial risk of negative shocks to their and their spouses health with shocks …

… consider retiring from the work force over the years included in … , health and other variables
between two years of data, we … it is impossible to know baseline health in years prior to 1992. …

… health shocks to retirement is highly unlikely, because we look at shocks that happen after
retirement, and those shocks … on health transition from the SF-36: “Compared to one year ago, …

… This gives the number of people, from a group of 1000 who share the characteristics of
our sample, who could be expected to retire each year due to the impact of health shocks. …

… health shocks will significantly affect retirement in the second period, even after conditioning
on expectations. Continuing health … any member of the household over the past year. Future …

… Study receive an inheritance over an 8-year period. The median value of such a bequest
is $30,000. Brown, Coile, and Weisbenner (2010) find that (i) receipt of an inheritance …

… Figure 2 graphs the incidence (over a two-year period) by age of the three health (or
mortality) shocks we consider. Because our asset data is at the household level, we consider a …

… 10 We explore the common trend assumption by comparing trends in health outcomes
during the years prior to the Great Recession (2004-2007) using the post-matching sample. See …

… outcomes after 50 years of age. Having lived in a children’s home, in a foster family, or …
shocks and later health into a priori unknown groups, we show that some adverse shocks show …

… we selected those individuals who were present at wave 1 in the ECHP, were aged 50–64
years in wave 1, were employed or self-employed in the first wave and had measures of …