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This paper employs a dynamic multinomial choice framework to provide new evidence on the effect of health on labour market transitions among older individuals. We consider retirement as a multi-state process and examine the effects of ill-health and health shocks on mobility between full-time...
Persistent link: https://www.econbiz.de/10014157682
In 2011 the UK government announced future plans to use subjective wellbeing as a measure of economic success. Understanding both the individual and geographic determinants of subjective wellbeing is important for future policy makers. Internal migration has important impacts on the geographic...
Persistent link: https://www.econbiz.de/10013085005
Against the backdrop of Baumol's model of "unbalanced growth", a recent strand of literature has presented models that manage to reconcile structural change with Kaldor's "stylized fact" of the relative constancy of per-capita GDP growth. Another strand of literature goes beyond this, arguing...
Persistent link: https://www.econbiz.de/10008729025
This paper employs a dynamic multinomial choice framework to provide new evidence on the effect of health on labour market transitions among older individuals. We consider retirement as a multi-state process and examine the effects of ill-health and health shocks on mobility between full-time...
Persistent link: https://www.econbiz.de/10014037767
Using administrative records from Public Employment Offices, this paper studies the main factors determining occupational matching between labour supply and demand. This is measured by matching the demanded occupation by job seekers and the occupation they finally secure. The results show that...
Persistent link: https://www.econbiz.de/10009415399
How do temporary spells of absence from work affect individuals' labor trajectory? To answer this question, we augment a 'wage ladder' model, in which individuals receive alternative takeit-or-leave-it wage offers from firms and potentially suffer accidents which may push them into temporary...
Persistent link: https://www.econbiz.de/10014468523
Can public infrastructure help regions to mitigate large shocks? We examine how hospital infrastructure contributes to regional resilience in the event of serious health emergencies. During the 1918 Spanish flu pandemic, four out of every 1,000 Germans died. We find lower influenza mortality...
Persistent link: https://www.econbiz.de/10014469716
How do temporary spells of absence from work affect individuals' labor trajectory? To answer this question, we augment a 'wage ladder' model, in which individuals receive alternative take-it-or-leave-it wage offers from firms and potentially suffer accidents which may push them into temporary...
Persistent link: https://www.econbiz.de/10014480553
The objectives of the study are three-fold: to investigate who are vulnerable to welfare loss from health shocks, what are the household responses to cope with the economic burden of health shocks and if policy responses like state health insurance schemes are effective in reducing the economic...
Persistent link: https://www.econbiz.de/10010343204
Risk preferences are typically assumed to be constant for an individual across the life cycle. In this paper we empirically assess if they are time varying. Specifically, we analyse whether health shocks influence individual risk aversion. We follow an innovative approach and use grip strength...
Persistent link: https://www.econbiz.de/10011382432