According to a new study by the Institute of Economic Affairs, retiring may have a negative effect on one's health.
The study, which compared the physical and mental health of retirees in the U.K. to those who continued to work past the age of retirement, indicates that being retired decreases physical, mental and self-assessed health.
The study reflects 50 years of retirement data.
Among the results were a decrease in "very good" or "excellent" self-assessed health by about 40 percent, a rise in clinical depression by roughly 40 percent, as well as a rise in the probability of having at least one diagnosed physical condition by close to 60 percent.
The researchers recognized possible biases of the study. “Analysis is seriously complicated by the fact that, just as retirement can affect health, the decision to retire can also be affected by health,” Gabriel H. Sahlgre, the director of research at the Center for Market Reform of Education, wrote in the report.
Nonetheless, the study concludes that it is important for legislators to seek out policies to “reverse the rise in economic inactivity among older-middle-aged people.”
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