of consumption insurance against shocks to male and female wages, as estimated empirically by Blundell, Pistaferri and … consumption, compared to the empirical estimates of 32% and 19%. Most of the consumption insurance against permanent male wage …-household income insurance mechanism strongly biases upward the welfare losses from idiosyncratic wage risk as well as the desired …

Using a model with constant relative risk-aversion preferences, endogenous labor supply and partial insurance against … cost associated with missing insurance markets. On the other hand, greater wage dispersion presents opportunities to raise … second moments of the joint distribution over individual wages, consumption and hours …

I investigate how the relationship between health status and retirement among older men has changed since 1900 using … weight adjusted for height or Body Mass Index (BMI) as a proxy for health. I find that both in 1900 and in 1985-1991 the …, suggesting that health is now less important to the retirement decision than in the past. The difference in the relative risk of …

Older adults have the highest rates of many health conditions for which medical marijuana may be effective in … moderating symptoms and are at elevated risk of reducing labor supply due to poor health. Surprisingly little is known about how … laws on the health and labor supply of adults age 51 and older, focusing on those with medical conditions that may respond …

women's real wages. The experience of the 1970's suggests, however, that real wage growth cannot account for the increase In … participation decisions is the level of uncertainty associated with expectations of future wages, and that high levels of …

function is formalized to generate qualitative predictions of the effect of wages, health status, health care efficiency, and …I consider the health, family structure, and labor supply inter-relationships at both a theoretical and empirical level … family time allocation among market, home, and health activities is developed. The concept of a family health maintenance …

In this paper, we specify a dynamic programming model that addresses the interplay among health, financial resources … used self reported health or disability status as a proxy for health status, we model health as a latent variable, using … is estimated using data from the Health and Retirement Study. We compare results based on our model to results based on …

We estimate the effect of poor child health on the labor supply of mothers and fathers post welfare reform, using a … potential endogeneity of child health and find that having a young child in poor health reduces the mother's probability of … working, the mother's hours of work, and the father's hours of work. These results suggest that children's health problems may …