We conclude from these two relationships that mortality as
a measure of health can mean the same thing in France and Italy as it does in the U.S.
If the tax force to retire were the same in France and Italy as in the U.S., the relationship
suggests that work at older ages would be about the same in France and Italy as in the U.S. And, work when health is the same (here using a level of 0.015 mortality for
health) would be about the same in France and Italy as in the U.S. Or put another way,
if plan provisions were similar, work by mortality (“health”) would be about the same in
Italy and France as in the U.S.