Cover -- Contents -- Acknowledgments -- Part I - Background -- 1. Introduction -- 1.1 Why compare Germany and the United States? -- 1.2 Why study income mobility around job loss and retirement? -- 1.3 Overview of the study -- 2. Welfare state change and income mobility: a framework -- 2.1 Income...

We study the short-run effect of involuntary job loss on comprehensive measures of public health costs. We focus on job loss induced by plant closure, thereby addressing the reverse causality problem of deteriorating health leading to job loss as job displacements due to plant closure are...