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 … employees and an extended Expectation-Maximization algorithm. Simulations suggest that health shocks induce average losses in …

We construct a unified objective measure of health status: the frailty index, defined as the cumulative sum of all … adverse health indicators observed for an individual. First, we show that the frailty index has several advantages over self …-reported health status, particularly when studying health dynamics. Then we estimate a stochastic process for frailty dynamics over …

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 … employees and an extended Expectation-Maximization algorithm. Simulations suggest that health shocks induce average losses in …

This paper examines the effects of education on health and hospitalization over the life cycle. Using administrative … showing that these effects vary heterogeneously over the life-cycle - with the largest health improvements occurring among men …

counterfactual experiments and show that health shocks have an important impact on wealth and consumption. The channel through which …How do labor market and health outcomes interact over the life cycle in a country characterized by a large informal … sector and strong inequalities? To quantify the effects of bad health on labor market trajectories, wealth, and consumption …

We use data from the The National Longitudinal Study of Adolescent to Adult Health and from the Health and Retirement … significantly as teenagers transition into adulthood (using the Add Health cohort, born 1974-83). However, this is not the case for …