and those individuals with the highest remaining earnings potential are least affected by the health shock. Welfare state … of health shocks on employment and economic well-being of older workers. A health shock trebles the probability of … leaving the labor force and almost doubles the unemployment risk. The financial effects of health shocks are small on average …

This paper interprets accidents occurring on the way to and from work as negative health shocks to identify the causal … effect of health on labor market outcomes. We argue that in our sample of exactly matched treated and control workers, these … health shocks are quasi-randomly assigned. A fixed-effects difference-in-differences approach estimates a negative and …

This paper interprets accidents occurring on the way to and from work as negative health shocks to identify the causal … effect of health on labor market outcomes. We argue that in our sample of exactly matched treated and control workers, these … health shocks are quasi-randomly assigned. A fixed-effects difference-in-differences approach estimates a negative and …

biennial waves from the Health and Retirement Study. We find the dynamics of the presence of pain is central to understanding …