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...

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...

Health related data with discrete ordered dependent variables are often characterised by excessive 'zero' observations that may relate to two distinct data generating processes. For example, there may be a large proportion of 'no visit' in modeling discrete ordered levels of health service uses...