Arbeitspapier

Income and Employment Effects of Health Shocks - A Test Case for the German Welfare State

Using data from the first eleven waves of the German Socio-Economic Panel this study investigates the dynamic effects of health shocks on employment and economic wellbeing of older workers. A health shock trebles the probability of leaving the labor force and almost doubles the unemployment risk. The financial effects of health shocks are small on average and those individuals with the highest remaining earnings potential are least affected by the health shock. Welfare state instruments support the poorest section of the population but do not succeed in neutralizing the effects of a health shock for these groups.

Language
Englisch

Bibliographic citation
Series: IZA Discussion Papers ; No. 10

Classification
Wirtschaft
Safety; Job Satisfaction; Related Public Policy
Labor Force and Employment, Size, and Structure
Health: General
Retirement; Retirement Policies
Subject
health
labor force participation
earnings
welfare state
Ältere Arbeitskräfte
Erwerbsunfähigkeit
Haushaltseinkommen
Arbeitslosigkeit
Soziale Sicherung
Deutschland

Event
Geistige Schöpfung
(who)
Riphahn, Regina T.
Event
Veröffentlichung
(who)
Institute for the Study of Labor (IZA)
(where)
Bonn
(when)
1998

Handle
Last update
10.03.2025, 11:45 AM CET

Data provider

This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.

Object type

  • Arbeitspapier

Associated

  • Riphahn, Regina T.
  • Institute for the Study of Labor (IZA)

Time of origin

  • 1998

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