TY - JOUR AU - Coile, Courtney AU - Milligan, Kevin S AU - Wise, David A TI - Health Capacity to Work at Older Ages: Evidence from the U.S. JF - National Bureau of Economic Research Working Paper Series VL - No. 21940 PY - 2016 Y2 - January 2016 DO - 10.3386/w21940 UR - http://www.nber.org/papers/w21940 L1 - http://www.nber.org/papers/w21940.pdf N1 - Author contact info: Courtney Coile Department of Economics Wellesley College 106 Central Street Wellesley, MA 02481 Tel: 781/283-2408 Fax: 781/283-2177 E-Mail: ccoile@wellesley.edu Kevin S. Milligan Vancouver School of Economics University of British Columbia 6000 Iona Drive Vancouver, BC V6T 1L4 CANADA E-Mail: kevin.milligan@ubc.ca David A. Wise NBER 1050 Massachusetts Avenue Cambridge, MA 02138 E-Mail: dwise72037@aol.com M1 - published as Courtney Coile, Kevin Milligan, David A. Wise. "Health Capacity to Work at Older Ages: Evidence from the United States," in David A. Wise, editor, "Social Security Programs and Retirement around the World: The Capacity to Work at Older Ages" University of Chicago Press (2017) M2 - featured in NBER digest on 2016-03-29 M3 - presented at "International Social Security Project", May 21-23, 2015 AB - Public programs that benefit older individuals, such as Social Security and Medicare, may be changed in the future in ways that reflect an expectation of longer work lives. But do older Americans have the health capacity to work longer? This paper explores this question by asking how much older individuals could work if they worked as much as those with the same mortality rate in the past or as much as their younger counterparts in similar health. Using both methods, we estimate that there is significant additional capacity to work at older ages. We also explore whether there are differences in health capacity across education groups and whether health has improved more over time for the highly educated, using education quartiles to surmount the challenge of changing levels of education over time. ER -