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substitutability of family labor inputs. We show how data on time allocations, health shocks and corresponding treatment choices can be …, we find that sick and healthy household members both shift labor away from self-employment and into farming when the sick …-specific complementarities. -- Intra-household allocation ; health shocks ; complementarity …
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sector and strong inequalities? To quantify the effects of bad health on labor market trajectories, wealth, and consumption … counterfactual experiments and show that health shocks have an important impact on wealth and consumption. The channel through which …How do labor market and health outcomes interact over the life cycle in a country characterized by a large informal …
Persistent link: https://www.econbiz.de/10012843495
We use data from the The National Longitudinal Study of Adolescent to Adult Health and from the Health and Retirement … significantly as teenagers transition into adulthood (using the Add Health cohort, born 1974-83). However, this is not the case for …
Persistent link: https://www.econbiz.de/10012823324
We study the contribution of health shocks to earnings inequality and uncertainty in labor market outcomes. We … calibrate a life-cycle model of labor supply and savings that incorporates health and health shocks. Our model features … endogenous wage formation via human capital accumulation, employer sponsored health insurance, and means-tested social insurance …
Persistent link: https://www.econbiz.de/10012850983
incorporates mental and physical health. Correlated mental and physical health production functions are simultaneously estimated …, including the endogenous decisions to seek psychotherapy and smoke cigarettes as health accumulation factors. The model is … indicate that mental health has a stronger impact on labor supply than physical health. At the same time, estimates show that …
Persistent link: https://www.econbiz.de/10014582273
This paper analyzes the impact of subjective mortality risk on consumption and labor choice in a life cycle model …. Using longitudinal data from the Health and Retirement Study (HRS), I estimate the intertemporal elasticity of substitution …, I find evidence that households intertemporally substitute consumption. The estimates of the IES are statistically …
Persistent link: https://www.econbiz.de/10014211217
Virtually all developed countries face projected budget shortfalls for their public pension programs. The shortfalls arise for two reasons. First, populations in developed countries are aging rapidly. Second, until recently older individuals in developed countries have been retiring earlier....
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