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We use panel data from the US Health and Retirement Study 1992-2002 to estimate the effect of self-assessed health … limitations on active labor market participation of men around retirement age. Self-assessments of health and functioning … typically introduce an endogeneity bias when studying the effects of health on labor market participation. This results from …
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Individuals frequently face intertemporal decisions. For the purposes of economic analysis, the preference parameters assumed to govern these decisions are generally considered to be stable economic primitives. However, evidence on the stability of time preferences is notably lacking. In a large...
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