Impacts of Different Measures of Health on Labor Market Exit

The findings underscore the importance of using comprehensive, multidimensional health measures to understand labor market risks, especially in policy domains such as disability insurance, retirement schemes, and pension forecasting. Relying solely on administrative medication data may lead to underestimation of labor market risk across socioeconomic 5 groups. Where survey data are unavailable, administrative data remain a valuable resource, though their limitations should be taken into account when interpreting results. Policymakers and actuaries should consider integrating broader health indicators into pension and forecasting models to improve the targeting of interventions, risk assessment, and the design of equitable and sustainable labor market and retirement policies.