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We extend the canonical income process with persistent and transitory risk to shock distributions with left-skewness and excess kurtosis, to which we refer as higher-order risk. We estimate our extended income process by GMM for household data from the United States. We find countercyclical...
Persistent link: https://www.econbiz.de/10012215285
Can the standard search-and-matching labor market model replicate the business cycle fluctuations of the job finding rate and the unemployment rate? In the odel, these fluctuations are driven by movements in productivity. This paper inestigates the sources of productivity fluctuations that are...
Persistent link: https://www.econbiz.de/10011756844
In this paper, we use data from the German Socio-Economic Panel to investigate the effect on cigarette consumption of macro-economic conditions in the form of regional unemployment rates. The results from our panel data models, several of which control for selection bias, indicate that the...
Persistent link: https://www.econbiz.de/10012948627
-compulsory education level increased after the reform. In addition, we find that the reform decreases mortality while young (16-25) for … both genders while it increases mortality for middle age women (26-40). We provide evidence to proof that the latter … increase is partly explained by the deterioration of the health habits of affected women. Together, these results help explain …
Persistent link: https://www.econbiz.de/10010532514
positive selection on health from high infant mortality rates during this period (18 percent), our findings suggest a strong … during the pandemic are shorter as child/teenagers, less educated, and more likely to have serious health problems, including …
Persistent link: https://www.econbiz.de/10010356829
psychological buffer against health shocks in adulthood. To identify behavioural differences in labour supply, I focus on a selected … group of full-time employed men of working age and similar health. Men with negative control beliefs, relative to men with … positive beliefs, are 230-290% more likely to work part-time or drop out of the labour market after a health shock. In old age …
Persistent link: https://www.econbiz.de/10010358772
and mortality. Swedish-linked employee-employer data were used to identify all establishment closures during 1990-1999, as … job loss and alcohol-attributable morbidity and mortality during a follow-up period of 12 years were estimated by … propensity score weighting methods. An excess risk of both alcohol-related hospitalization and mortality was found among both …
Persistent link: https://www.econbiz.de/10010467775
In this paper, I combine economic theories of health behavior and addiction in order to explain the phenomenon of … anorexia nervosa and its impact on health and longevity. Individuals consume normal goods and foods and can work off excess … calories with physical exercise. There exists a healthy body mass index and deviations from it increasingly cause health …
Persistent link: https://www.econbiz.de/10012615982
population density and the extent of tests conducted to fine tune the index. The association between per capita health … expenditure and relative performance indices reveals that there are states where relatively sound health infrastructure has not … ensured better performance in curing patients and those relatively weak have done better. But with a multi-dimensional health …
Persistent link: https://www.econbiz.de/10012312116
This study examines the health capacity to work among older persons in Japan-that is, how much longer older persons can … work based on their health status using nationwide population-based surveys. We first examine how much older persons could … work if they worked as much as those with the same mortality rate in the past (Milligan-Wise method). Second, we estimate …
Persistent link: https://www.econbiz.de/10015060867