Want to work well into retirement? Try marijuana
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By Catey Hill on March 21, 2019
Weed could push the hours we work higher.
A new study published in the spring 2019 issue of the Journal of Policy Analysis and Management finds that the passage of medical marijuana laws seems to help reduce pain levels and increase the number of hours worked by older adults.
“Three principle findings emerge from our analysis,” the study authors reveal. “First, active state medical marijuana laws lead to lower pain and better self-assessed health among older adults. Second, state medical marijuana laws lead to increases in older adult labor supply … Third, the effects of medical marijuana laws are largest among older adults with a health condition that would qualify for legal medical marijuana use under current state laws.”
The results were significant: Among those who — because of a health issue — would qualify for medical marijuana in their state, the researchers found a 4.8% decrease in pain and a 6.6% increase in reported good or excellent health. They also found a 7.3% increase in levels of full-time work among people who qualified for medical marijuana.
“Medical marijuana laws increased hours worked by those who were already working … and increased the share of older adults who were working full time versus not working or working part-time,” explains Lauren Hersch Nicholas, an assistant professor in the Bloomberg School’s Department of Health Policy and Management. However, she notes that there was “no change in movement in and out of the labor force, so medical marijuana laws didn’t seem to delay retirement or allow people to return to work if they had already stopped working.”
Read the full article here.