To analyze the effect of health on work, many studies use a simple self-assessed health measure based upon a question such as "do you have an impairment or health problem limiting the kind or amount of work you can do?" A possible drawback of such a measure is the possibility that different...

To analyze the effect of health on work, many studies use a simple self-assessed health measure based upon a question such as do you have an impairment or health problem limiting the kind or amount of work you can do?ʺ A possible drawback of such a measure is the possibility that different...

This paper analyzes the effectiveness of social protection systems in Europe and the US to provide (income) insurance against macro level shocks in terms of automatic stabilizers. We find that automatic stabilizers absorb 38% of a proportional income shock and 47% of an idiosyncratic...