The degree to which retirement decisions are driven by health is a key concern for both
academics and policy makers. In this review, we survey the economic literature on the health …

We provide a life-cycle framework for comparing insurance and disincentive effects of
disability benefits. The risks that individuals face and the parameters of the Disability …

We construct a unified objective measure of health status: the frailty index, defined as the
cumulative sum of all adverse health indicators observed for an individual. Using this index …

Estimates of how health affects employment vary considerably. We assess how different
methods and health measures impact estimates of the impact of health on employment …

The dynamic public finance literature underwent significant changes over the past decade.
This research agenda has now reached a stage at which it is able to analyze the design of …

We develop a heterogeneous agent, overlapping generations model with nonhomothetic
preferences that nests several explanations for the decline in the natural rate of interest (r∗) …

Using a dynamic panel approach, we provide empirical evidence that negative health
shocks reduce earnings. The effect is primarily driven by the participation margin and is …

We specify and calibrate a life-cycle model of labor supply and savings incorporating health
shocks and medical treatment decisions. Our model features endogenous wage formation …

We examine the influence of economic policy uncertainty (EPU) on the liveliness of local
insurance markets across 16 OECD countries during the 1998–2017 period. Our static panel …

Using a heterogeneous agent, life-cycle model of Social Security claiming, labor supply and
saving, we consider the implications of lifespan inequality for Social Security reform …