Using a dynamic panel approach, we provide empirical evidence that negative health shocks reduce earnings. The effect … health. We build a dynamic, general equilibrium, life cycle model that is consistent with these findings. In the model …, individuals whose health is risky and heterogeneous choose to either work, or not work and apply for social security disability …

Previous literature has identified income, poor health and social relationships as the most important predictors of … income and social relationships vary with age in a wave-like fashion, while the negative marginal effect of poor health …

We investigate how early life circumstances - childhood health and socioeconomic status (SES) - are associated with … Survey of Health, Aging and Retirement in Europe, which contains retrospective information on early life circumstances and … over their working life. We also find a smaller, positive long-term association between childhood health and lifetime …