@techreport{Riphahn1998Income,
abstract = {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.},
author = {Regina T. Riphahn},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {J28; J21; I10; J26; 330; health; labor force participation; earnings; welfare state; \"{A}ltere Arbeitskr\"{a}fte; Erwerbsunf\"{a}higkeit; Haushaltseinkommen; Arbeitslosigkeit; Soziale Sicherung; Deutschland},
language = {eng},
number = {10},
title = {Income and Employment Effects of Health Shocks - A Test Case for the German Welfare State},
type = {IZA Discussion paper series},
url = {http://hdl.handle.net/10419/20855},
year = {1998}
}
