Both health and income inequalities have been shown to be much greater in Britain than in Germany. One of the main … lower income groups. Inequality analysis reveals that while the distribution of health shocks is more concentrated among …, both health shocks and early retirement are more concentrated among those with low incomes. We use comparable longitudinal …

of health shocks on employment and economic wellbeing 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 and … those individuals with the highest remaining earnings potential are least affected by the health shock. Welfare state …