Determinants of retirement of formal and informal sector workers in Mexico: the role of health and economic security.

ABSTRACT:

Objective

We examine the socioeconomic and health drivers of retirement decisions and compare these determinants between formal and informal sector workers in Mexico.

Materials and methods

Using data from the Mexican Health and Aging Study 2012 and 2015, we estimate conditional probit models of retirement using sociodemographic, health, health care utilization, health insurance, private pensions, and social security systems covariates. The Institutional Review Board at the University of Southern California reviewed and approved the research (IRB # UP-15-00023).

Results

We find that the social security systems are an important determinant for retirement age for formal sector workers. The informal sector workers, who lack access to retirement benefits of the social secu

SUBMITTER: Lee Z 

PROVIDER: S-EPMC10751961 | biostudies-literature | 2023 Sep

REPOSITORIES: biostudies-literature