Health care utilization at retirement: The role of the opportunity cost of time
利用10个欧洲国家的SHARE数据,研究发现退休后医生就诊次数和就诊概率增加,且主要取决于退休年限,支持时间机会成本下降的解释。
We investigate the causal impact of retirement on health care utilization using SHARE data for 10 European countries. We show that the number of doctor's visits and the probability of visiting a doctor more than four times a year (our measures of health care utilization) increase after retirement. The increase in health care utilization is found to depend mainly on the years spent in retirement, suggesting that adjustment may take time. We find evidence of heterogeneous effects by gender and across different patterns of time use prior to retirement (i.e., working long hours and combined work and out-of-work activities). Overall, the empirical findings suggest that the increase in health care utilization is consistent with the decrease in the opportunity cost of time faced by individuals when they retire.