We study how severe acute health shocks affect the probability of not working in the U. S. versus in Denmark. The results not only provide insight into how relative disease risk affects labor force participation at older ages, but also into how different types of health care and health insurance...

Exploiting preintervention variation in mortality from various infectious diseases, together with the time variation arising from medical breakthroughs in the late 1940s and the 1950s, this study examines how a large positive shock to life expectancy influenced the formation of human capital...

From an economic perspective, marriage and long-term partnership can be seen as a risk-pooling device. This informal insurance contract is, however, not fully enforceable. Each partner is free to leave when his or her support is needed in case of an adverse life event. An adverse health shock is...

In response to the COVID-19 pandemic, many countries, including the U.S., adopted intervention policies aimed at averting the spread. However, these policies may have led to significant changes in public health behaviors. We use Google search queries to examine how state government actions are...

Adverse health conditions have the potential to financially cripple American households. This report reviews the large literature that considers the ways in which health-both physical and mental-impacts household finances. The review largely includes studies with U.S. populations and spans many...