This article investigates the causal links between health and employment status. To disentangle correlation from … causality effects, the authors leverage a French panel survey to estimate a bivariate dynamic probit model that can account for … three components and reveal strong dual causality between health and employment status. The findings clearly support demands …

In our analysis we discuss several dynamic panel data estimators proposed in the literature and assess their … estimator is biased in the context of dynamic estimation. The estimators taking into account the resulting bias can be grouped … broadly into the class of instrumental estimators and the class of direct bias corrected estimators. The simulation results …