estimate that technological change along with the increase in the generosity of health insurance may explain independently 53 …% of the rise in health spending (insurance 29% and technology 24%) while income less than 10%. By simultaneously occurring …The authors use a calibrated stochastic life-cycle model of endogenous health spending, asset accumulation and …

This paper investigates the role of pain in affecting self-reported work disability and employment of elderly workers …, using six biennial waves from the Health and Retirement Study. They find the dynamics of the presence of pain is central to … the dynamic patterns of employment. …

crisis on labor market outcomes. Aggregate employment has remained remarkably robust through the crisis although there has … been significant switching within sectors. The drama of the crisis lies not in aggregate employment but in real hourly …