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Individuals' socioeconomic status (SES) is positively correlated with their health status. While the existence of this gradient may be uncontroversial, the same cannot be said about its explanation. In this paper, we extend the approach of testing for the absence of causal channels developed by...
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been made in the US labour market, using a dynamic panel probit model. The estimated income effect of higher housing wealth … substitution effect of earned income is negative, thus decreasing the retirement probability. The retirement decision is strongly … reinforced by wealth and earned income. …
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