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 …, productivity and preferences, and the financial incentives of the German public insurance schemes. The estimation uses data on male …

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 …, productivity and preferences, and the financial incentives of the German public insurance schemes. The estimation uses data on male …

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 …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 …

spells and (ii) reduced reemployment wages. Although full insurance requires both unemployment benefits and wage insurance …, supply difficulties limit actual-loss insurance, and separation packages typically include partial unemployment insurance and … integration of these insurance instruments in this complex planning environment. One important implication: given the structure of …

incompleteness, which requires that an insurance market for employment be put in operation to "complete" the market. …The purpose of this note is to describe the lottery- and insurance-market equilibrium in an economy with non …-convex labor supply decision, unobservable effort, and incentive ("fair") wages. The presence of indivisible labor creates a market …