This paper proposes a dynamic life cycle model of health risks, employment, early retirement, and wealth accumulation … in order to analyze the health-related risks of consumption and old age poverty. In particular, the model includes a … health process, the interaction between health and employment risks, and an explicit modeling of the German public insurance …

This paper proposes a dynamic life cycle model of health risks, employment, early retirement, and wealth accumulation … in order to analyze the health-related risks of consumption and old age poverty. In particular, the model includes a … health process, the interaction between health and employment risks, and an explicit modeling of the German public insurance …

Based on a dynamic life cycle model, this study analyzes health-related risks of consumption and old-age poverty. The … model allows for health effects on employment risks, on productivity, on longevity, the correlation between health risks … for differences in the longevity risk by health status can effectively reduce the consumption risks, but only slightly …

Based on a dynamic life cycle model, this study analyzes health-related risks of consumption and old-age poverty. The … model allows for health effects on employment risks, on productivity, on longevity, the correlation between health risks … account for differences in the longevity risk by health status can effectively reduce the consumption risks, but only slightly …

from the labour force. Health status is represented by a latent variable reflecting the eligibility for participating in … disability insurance scheme. Estimates of the structural parameters of the concealed health process allow for forecasting the …

health and retirement estimated on the Norwegian labour market data. The paper focuses on the two main elements of the reform … total social welfare, individuals in good health who retire early experience a negative change in their discounted utility … ; structural dynamic model ; health ; retirement …

health and retirement estimated on the Norwegian labour market data. The paper focuses on the two main elements of the reform … total social welfare, individuals in good health who retire early experience a negative change in their discounted utility …