We study the short-run effect of involuntary job loss on comprehensive measures of public health costs. We focus on job … loss induced by plant closure, thereby addressing the reverse causality problem of deteriorating health leading to job loss … as job displacements due to plant closure are unlikely caused by workers' health status, but potentially have important …

Longitudinal Survey of Adolescent Health. The sampling design of the survey causes the conventional 2SLS estimator to be …

assets - and Markowitz - who advocates diversification across assets. We rely on the concepts of ambiguity and ambiguity … degree of ambiguity across assets, and (ii) the standard deviation of the estimate of expected return on each asset. If the … standard deviation of the expected return estimate and the difference between the ambiguity about familiar and unfamiliar …

asset returns. Our contribution is to develop a framework that allows for ambiguity about the joint distribution of returns … for all stocks being considered for the portfolio, and also for different levels of ambiguity for the marginal … international equity returns. The calibration shows that when the overall ambiguity about the joint distribution of returns is high …

Theory suggests that people facing higher uninsurable background risk buy more insurance against other risks that are … casualty insurance increases with earnings uncertainty. This finding is consistent with consumer preferences being …

health - the paper also studies the impact of context on risk attitudes, finding a strong but imperfect correlation across …

This paper constructs a dynamic model of health insurance to evaluate the short- and long run effects of policies that … prevent firms from conditioning wages on health conditions of their workers, and that prevent health insurance companies from … charging individuals with adverse health conditions higher insurance premia. Our study is motivated by recent US legislation …

This paper investigates whether cannabis use affects physical and mental health. To do so, information on prime aged … individuals living in Amsterdam in 1994 is used. Dutch data offer a clear advantage in estimating the health impacts of cannabis … frailties in mental and physical health, the results suggest that cannabis use reduces the mental wellbeing of men and women and …