This discussion paper led to a publication in the <I>Journal of Health Economics</I> (2009). Vol. 28, pages 109-131.<P …> This paper investigates the impact of parental education on child health outcomes. To identify the causal effect we explore … one year had little effect on the health of their offspring. Schooling did however improve economic opportunities by …

observed disability rates result from gradual deteriorations in health. We find no direct effect of health shocks on employment …This paper focuses on the relation between the onset of disability and employment outcomes. We develop an event history … model that includes unscheduled hospitalizations as a measure for unanticipated health shocks and estimate the model on data …