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Economists have mainly focused on human capital accumulation and considerably less on the causes and consequences of human capital depreciation in late adulthood. Studying human capital depreciation over the life cycle has powerful economic consequences for decision-making in old age. Using data...
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The Post-9/11 GI Bill allows service members to transfer generous education benefits to a dependent. We run a large-scale experiment to test whether active choice framing impacts US Army service members' decision to transfer benefits. Individuals who received email messages framing GI Bill use...
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In this paper we address the long-run effects of childhood shocks on health in late adulthood. Applying a life … health outcomes after age fifty. Having lived in a children s home, in a foster family, or having suffered a period of hunger … and later health into a-priori unknown groups, we show that some adverse shocks have opposite effects for specific groups. …
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-assessed health measures are usually at hand in empiricalanalyses and research indicates that these may be affected by endogenous …, state dependent, reporting behaviour. Furthermore, even if an objective health measure is used, it is not likely to be … strictly exogenous to labour market status or labour income. Health and labour market variables are correlatedbecause of …
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