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

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

model allows for health effects on employment risks, on productivity, on longevity, the correlation between health risks …Based on a dynamic life cycle model, this study analyzes health-related risks of consumption and old-age poverty. The … employees and an extended Expectation-Maximization algorithm. Simulations suggest that health shocks induce average losses in …

model allows for health effects on employment risks, on productivity, on longevity, the correlation between health risks …Based on a dynamic life cycle model, this study analyzes health-related risks of consumption and old-age poverty. The … employees and an extended Expectation-Maximization algorithm. Simulations suggest that health shocks induce average losses in …

This chapter provides an overview of the literature linking health, health insurance and labor market outcomes such as … wages, earnings, employment, hours, occupational choice, job turnover, retirement, and the structure of employment. The … first part of the paper focuses on the relationship between health and labor market outcomes. The empirical literature …

employment levels during recessions. However, they can create inefficiency in the labor market, and might limit labor market …