estimation methods in this investigation. We uncover a causal relationship between two of five measures of health and the wage in …We investigate two-way causality between health and the hourly wage by employing insights from the human capital and … which a reduction in health leads to an increase in the wage rate in a panel of U.S. young adults who had completed their …

We construct and estimate by maximum likelihood an equilibrium search model where wages are set by Nash bargaining and … Survey data on accepted wages and employment durations. We show that it captures almost perfectly the joint distribution of … wages and job spells. We find that the rate of learning-by-doing has an important positive effect on aggregate output and a …