caa a22 4500 445834331 CHVBK 20180317145326.0 cr unu---uuuuu 170323e20110501xx s 000 0 eng 10.1007/s00586-010-1647-8 doi (NATIONALLICENCE)springer-10.1007/s00586-010-1647-8 Early retirement and the financial assets of individuals with back problems [Elektronische Daten] [Deborah Schofield, Rupendra Shrestha, Richard Percival, Emily Callander, Simon Kelly, Megan Passey] This paper quantifies the relationship between early retirement due to back problems and wealth, and contributes to a more complete picture of the full costs associated with back problems. The output data set of the microsimulation model Health&WealthMOD was analysed. Health&WealthMOD was specifically designed to measure the economic impacts of ill health on Australian workers aged 45-64years. People aged 45-64years who are out of the labour force due to back problems have significantly less chance of having any accumulated wealth. While almost all individuals who are in full-time employment with no chronic health condition have some wealth accumulated, a significantly smaller proportion (89%) of those who have retired early due to back problems do. Of those who have retired early due to back problems who do have some wealth, on average the total value of this wealth is 87% less (95% CI: −90 to −84%) than the total value of wealth accumulated by those who have remained in full-time employment with no health condition controlling for age, sex and education. The financial burden placed on those retiring early due to back problems is likely to cause financial stress in the future, as not only have retired individuals lost an income stream from paid employment, but they also have little or no wealth to draw upon. Preventing early retirement due to back problems will increase the time individuals will have to amass savings to finance their retirement and to protect against financial shocks. Springer-Verlag, 2010 Economic impact nationallicence Early retirement nationallicence Ageing nationallicence Labour force participation nationallicence Schofield Deborah NHMRC Clinical Trials Centre and Sydney School of Public Health, University of Sydney, Parramatta Rd, 1450, Camperdown, NSW, Australia aut Shrestha Rupendra NHMRC Clinical Trials Centre and Sydney School of Public Health, University of Sydney, Parramatta Rd, 1450, Camperdown, NSW, Australia aut Percival Richard National Centre for Social and Economic Modelling (NATSEM), University of Canberra, University Drive, Canberra, ACT, Australia aut Callander Emily NHMRC Clinical Trials Centre and Sydney School of Public Health, University of Sydney, Parramatta Rd, 1450, Camperdown, NSW, Australia aut Kelly Simon National Centre for Social and Economic Modelling (NATSEM), University of Canberra, University Drive, Canberra, ACT, Australia aut Passey Megan Northern Rivers University Department of Rural Health, Sydney School of Public Health, University of Sydney, Uralba Street, 2480, Lismore, NSW, Australia aut European Spine Journal Springer-Verlag 20/5(2011-05-01), 731-736 0940-6719 20:5<731 2011 20 586 https://doi.org/10.1007/s00586-010-1647-8 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s00586-010-1647-8 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Schofield Deborah NHMRC Clinical Trials Centre and Sydney School of Public Health, University of Sydney, Parramatta Rd, 1450, Camperdown, NSW, Australia aut NATIONALLICENCE 700 1- Shrestha Rupendra NHMRC Clinical Trials Centre and Sydney School of Public Health, University of Sydney, Parramatta Rd, 1450, Camperdown, NSW, Australia aut NATIONALLICENCE 700 1- Percival Richard National Centre for Social and Economic Modelling (NATSEM), University of Canberra, University Drive, Canberra, ACT, Australia aut NATIONALLICENCE 700 1- Callander Emily NHMRC Clinical Trials Centre and Sydney School of Public Health, University of Sydney, Parramatta Rd, 1450, Camperdown, NSW, Australia aut NATIONALLICENCE 700 1- Kelly Simon National Centre for Social and Economic Modelling (NATSEM), University of Canberra, University Drive, Canberra, ACT, Australia aut NATIONALLICENCE 700 1- Passey Megan Northern Rivers University Department of Rural Health, Sydney School of Public Health, University of Sydney, Uralba Street, 2480, Lismore, NSW, Australia aut NATIONALLICENCE 773 0- European Spine Journal Springer-Verlag 20/5(2011-05-01), 731-736 0940-6719 20:5<731 2011 20 586 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer