We examine the effects of involuntary job loss and retirement on the mental health of older Americans using the Health and Retirement Surveys (1992-2002). Potential endogeneity may arise due to reverse causality or latent individual effects or both. Using several econometric techniques we obtain...

Uncertainty around economic recovery from a pandemic, in addition to restrictions on mobility and socializing, can be isolating and stressful. While preventive measures, such as mask mandates, are expected to mitigate spread of the disease and lower concerns of future job loss, state- and...

Although the importance of expectations is well documented in the decision-making literature, a key shortcoming of the empirical research into effects of involuntary job loss on depression is perhaps its neglect of the subjective expectations of job loss. Using data from the US Health and...