entrepreneurs as compared to paid employees and particularly retirees in Germany. The analysis identifies income and health status … their higher income. Physical and mental health play a crucial role in determining both an individual's occupational status …

This paper estimates the impact of income on the long-term care utilization of elderly Americans using a natural … positive permanent income shock lowers nursing home use but increases the utilization of paid home care services. We find some … estimates suggests that moderate reductions in post-retirement income would significantly alter long-term utilization patterns …

spite of income paths being similar. We explore several possible causes, including different employment paths, housing …