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Using a dynamic panel approach, we provide empirical evidence that negative health shocks reduce earnings. The effect … health. We build a dynamic, general equilibrium, life cycle model that is consistent with these findings. In the model …, individuals whose health is risky and heterogeneous choose to either work, or not work and apply for social security disability …
Persistent link: https://www.econbiz.de/10012653489
Emerging market and developing economies have experienced recurrent episodes of rapid debt accumulation over the past fifty years. This paper examines the consequences of debt accumulation using a three-pronged approach: an event study of debt accumulation episodes in 100 emerging market and...
Persistent link: https://www.econbiz.de/10012388929
Episodes of debt accumulation have been a recurrent feature of the global economy over the past fifty years. Since 2010, emerging and developing economies have experienced another wave of historically large and rapid debt accumulation. Similar past debt buildups have often ended in widespread...
Persistent link: https://www.econbiz.de/10012388936
This paper presents a comprehensive cross-country database of fiscal space, broadly defined as the availability of budgetary resources for a government to service its financial obligations. The database covers up to 200 countries over the period 1990-2016, and includes 28 indicators of fiscal...
Persistent link: https://www.econbiz.de/10012060231
Use of public assistance by noncitizens is controversial. Before 2018, institutionalization and receipt of cash benefits were considered as evidence of whether immigrants were likely to become a "public charge" and, therefore, ineligible for citizenship. But a new rule-proposed in 2018 and...
Persistent link: https://www.econbiz.de/10015189280
estimate the effects of child's access to public health insurance on labor market outcomes of parents. The results imply that …
Persistent link: https://www.econbiz.de/10013467143
Schizophrenia spectrum, bipolar, and major depressive disorders are severe mental illnesses (SMIs) that not only entail great suffering for those affected but also major societal costs. In this study, I use administrative register data to provide a detailed picture of the economic situation of...
Persistent link: https://www.econbiz.de/10014305343
coverage from an employer plan. This analysis leverages novel administrative data capturing monthly health insurance coverage …
Persistent link: https://www.econbiz.de/10014480585
I study a model of a representative individual who has a motive for leaving bequests and is at risk of needing long-term care in old age. I assume - as is typical for OECD countries - that the individual is not fully insured against this risk. Moreover, at realization the individual is unable to...
Persistent link: https://www.econbiz.de/10010294930
A major benefit of health insurance coverage is that it protects the insured from unexpected medical costs that may … examine the effect of a major health care reform in Massachusetts in 2006 on a broad set of financial outcomes. The … pronounced for individuals who had limited access to credit markets before the reform. These results show that health care reform …
Persistent link: https://www.econbiz.de/10010352187