At the January Faculty Research Forum Dr. Subhasree Basu Roy, assistant professor of economics, shared her research related to the impact of retirement on the health outcomes of older Americans. Her findings suggest that there are negative effects of retiring on both physical and mental health, above-and-beyond the effects of age, income, health insurance coverage, pension eligibility, spousal characteristics and other factors. What makes her research unique is the focus on relatively objective measures of health rather than self-reports and addressing the issue of reverse causality between health and retirement. She found a nine percent increase in probability of multiple chronic health problems among people who fully retire and same-aged people who had not retired and a seven percent increase in depression. Fully retired people are also more likely to report a hospital stay than their working counterparts. These findings help scholars to better understand the real impacts of life changes such as retirement on our lives and policy implication of deferring retirement age.