In this paper, I propose a life cycle model of occupational choice with endogenous health behavior, aging, and … longevity. Health-demanding work leads to a faster accumulation of health deficits and is remunerated with a hazard markup on … wages. Health deficit accumulation is also influenced by unhealthy consumption and health care expenditure. I calibrate the …

Major events in the life of an older individual, such as retirement, a significant decrease in income, death of the … spouse, disability, and a move to a nursing home, may affect the mental health status of the individual. For example, the … behavior, health status, and major life events, over time. To deal with endogenous aspects of these events we apply fixed …

that they will make a transition into volunteering after retirement. Following social production function theory, we assume … former occupational prestige value, the higher the perceived loss of prestige after retirement. Thus, doing a job with high … prestige value increases the incentive to volunteer in retirement. This assumption is tested, using data taken from the German …