labour force of healthy workers through disability insurance schemes. Two types of individuals, disabled and leisure …This paper studies the design of retirement and disability policies. It illustrates the often observed exit from the …

This paper focuses on the relation between the onset of disability and employment outcomes. We develop an event history … onset of a disability by around 138%. However, health shocks are relatively rare events and therefore the larger part of … observed disability rates result from gradual deteriorations in health. We find no direct effect of health shocks on employment …

partial insurance of parental investments against permanent income shocks, but the magnitude of the estimated responses is … small. We cannot reject the hypothesis full insurance against temporary shocks. Another interpretation of our findings is … that there is very little insurance available, but the fact that skill is a non-separable function of parental investments …

unemployed is particularly costly, this policy provides insurance equivalent to that provided by the current system. By reducing …

explicit contracts to crowd out implicit insurance provided by the firm, even though the latter yields higher welfare. We …