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  1. Understanding cognitive decline in older ages
    the role of health shocks
    Autor*in: Schiele, Valentin; Schmitz, Hendrik
    Erschienen: 2021
    Verlag:  RWI - Leibniz-Institut für Wirtschaftsforschung, Essen, Germany

    Individual cognitive functioning declines over time. We seek to understand how adverse physical health shocks in older ages contribute to this development. By use of event-study methods and data from the USA, England and several countries in... mehr

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    Individual cognitive functioning declines over time. We seek to understand how adverse physical health shocks in older ages contribute to this development. By use of event-study methods and data from the USA, England and several countries in Continental Europe we find evidence that health shocks lead to an immediate and persistent decline in cognitive functioning. This robust finding holds in all regions representing different health insurance systems and seems to be independent of underlying individual demographic characteristics such as sex and age. We also ask whether variables that are susceptible to policy action can reduce the negative consequences of a health shock. Our results suggest that neither compulsory education nor retirement regulations moderate the effects, thus emphasizing the importance of maintaining good physical health in old age for cognitive functioning.

     
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    ISBN: 9783969730652
    Weitere Identifier:
    hdl: 10419/247686
    Schriftenreihe: Ruhr economic papers ; #919
    Schlagworte: Cognitive decline; health shocks; retirement; education; event study
    Umfang: 1 Online-Ressource (circa 43 Seiten), Illustrationen
  2. How does exposure to Covid-19 influence health and income inequality aversion?
    Autor*in: Asaria, Miqdad; Costa-Font, Joan; Cowell, Frank A.
    Erschienen: August 2021
    Verlag:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    We study the determinants of individual aversion to health and income inequality in three European countries and the effects of exposure to COVID-19 including the effect employment, income and health shocks using representative samples of the... mehr

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    We study the determinants of individual aversion to health and income inequality in three European countries and the effects of exposure to COVID-19 including the effect employment, income and health shocks using representative samples of the population in each country. Comparing levels of health- and income-inequality aversion in the UK between the years 2016 and 2020 we find a significant increase in inequality aversion in both income and health domains. Inequality aversion is higher in the income domain than in the health domain and inequality aversion in both income and health domains is increasing in age and education and decreasing in income and risk appetite. However, people directly exposed to major health shocks during the COVID-19 pandemic generally exhibited lower levels of aversion to both income and health inequality. But for those at high risk of COVID-19 mortality who experienced major health shocks during the pandemic, inequality aversion was significantly higher than for those of similar individuals experiencing a health shock prior to the pandemic.

     
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    hdl: 10419/245431
    Schriftenreihe: CESifo working paper ; no. 9250 (2021)
    Schlagworte: inequality aversion; income; health; Covid-19; attitudes to inequality; employment shocks; health shocks; difference in differences
    Umfang: 1 Online-Ressource (circa 46 Seiten), Illustrationen
  3. Labour outcomes adjustments to health shocks over the long run
    evidence from Italian administrative records
    Autor*in: Belloni, Michele; Farina, Elena; Simonetti, Irene; Zantomio, Francesca
    Erschienen: February 2021
    Verlag:  [CeRP, Center for Research on Pensions and Welfare Policies], [Torino]

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    Schriftenreihe: Working paper / CeRP ; 204 (21)
    Schlagworte: health shocks; employment; labour market institutions; administrative data
    Umfang: 1 Online-Ressource (circa 75 Seiten), Illustrationen
  4. How does exposure to COVID-19 influence health and income inequality aversion?
    Autor*in: Asaria, Miqdad; Costa-Font, Joan; Cowell, Frank A.
    Erschienen: February 2021
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    We study whether exposure to COVID-19 has affected individual aversion to health and income inequality in the UK, Italy, and Germany, as well as the effect of personal shocks on employment (redundancies, government replacement salary and... mehr

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    We study whether exposure to COVID-19 has affected individual aversion to health and income inequality in the UK, Italy, and Germany, as well as the effect of personal shocks on employment (redundancies, government replacement salary and unemployment), income and health directly linked to COVID-19. We find that conditioned on risk aversion and relevant covariates (income, education, demographics), individuals who have experienced either a health or an financial shock during the COVID-19 pandemic, exhibit lower inequality aversion in terms of health and income, compared to those who have not experienced these shocks. Comparing levels of health and income inequality aversion in the UK between the years 2016 and 2020 we find a significant increase in inequality aversion from 2016 to 2020 in both health (17.3%) and income domains (8.8%). However, our difference-in-differences (DiD) for treatment (risk) groups defined in terms of age, region and personal exposure to health and income shocks in 2020 compared to 2016, does not indicate any additional difference in inequality aversion. The exception being individuals who are both in a high-risk age group and at the same time also experienced a health shock in 2020 compared to 2016, which are significantly more inequality averse in both health and income domains.

     
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    hdl: 10419/232855
    Schriftenreihe: Discussion paper series / IZA ; no. 14103
    Schlagworte: inequality aversion; income; health; COVID-19; attitudes to inequality; employment shocks; health shocks; difference indifferences
    Umfang: 1 Online-Ressource (circa 48 Seiten), Illustrationen
  5. Labour supply and informal care responses to health shocks within couples
    evidence from the UKHLS
    Autor*in: Macchioni Giaquinto, Annarita; Jones, Andrew M.; Rice, Nigel; Zantomio, Francesca
    Erschienen: 2021
    Verlag:  Global Labor Organization (GLO), Essen

    Shocks to health have been shown to reduce labour supply for the individual affected. Less is known about household self-insurance through a partner's response to a health shock. Previous studies have presented inconclusive empirical evidence on the... mehr

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    Shocks to health have been shown to reduce labour supply for the individual affected. Less is known about household self-insurance through a partner's response to a health shock. Previous studies have presented inconclusive empirical evidence on the existence of a healthrelated 'added worker effect'. We use UK longitudinal data to investigate within households both the labour supply and informal care responses of an individual to the event of an acute health shock to their partner. Relying on the unanticipated timing of shocks, we combine coarsened exact matching and entropy balancing algorithms with parametric analysis and exploit lagged outcomes to remove bias from observed confounders and time-invariant unobservables. We find no evidence of a health-related 'added worker effect'. A significant and sizeable increase in spousal informal care, irrespective of spousal labour market position or household financial status and ability to purchase formal care provision, suggests a substitution to informal care provision, at the expense of time devoted to leisure activities.

     
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    hdl: 10419/232259
    Schriftenreihe: GLO discussion paper ; no. 806
    Schlagworte: health shocks; added worker effect; labour supply; informal care; matching methods; panel data
    Umfang: 1 Online-Ressource (circa 34 Seiten), Illustrationen
  6. Labour outcomes adjustments to health shocks over the long run
    evidence from Italian administrative records
    Autor*in: Belloni, Michele; Farina, Elena; Simonetti, Irene; Zantomio, Francesca
    Erschienen: [2021]
    Verlag:  Netspar, Network for Studies on Pensions, Aging and Retirement, [Tilburg]

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    Schriftenreihe: Array ; 2021, 043 (02)
    Schlagworte: health shocks; employment; labour market institutions; administrative data
    Umfang: 1 Online-Ressource (circa 75 Seiten), Illustrationen
  7. Health shocks and spousal labor supply
    an international perspective
    Autor*in: Jolly, Nicholas A.; Theodoropoulos, Nikolaos
    Erschienen: 2022
    Verlag:  Global Labor Organization (GLO), Essen

    This paper uses data from the Survey of Health, Ageing and Retirement in Europe to analyze the effect of spousal health shocks on own labor supply decisions. Results from the analysis suggest minimal changes to the probability of work and the... mehr

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    This paper uses data from the Survey of Health, Ageing and Retirement in Europe to analyze the effect of spousal health shocks on own labor supply decisions. Results from the analysis suggest minimal changes to the probability of work and the intensity of work for both husbands and wives of disabled spouses. Wives, however, do experience an increase in the probability of retirement after their husbands experience a work-limiting health shock. Results suggest that this increased probability is due to the desire to consume joint leisure. Finally, the analysis finds substantial cross-regional heterogeneity in the effect spousal health shocks have on the various labor market outcomes examined here, which suggests an important role for country-specific factors in the estimates provided in the earlier literature.

     
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    Schriftenreihe: GLO discussion paper ; no. 1086
    Schlagworte: health shocks; marriage; labor supply
    Umfang: 1 Online-Ressource (circa 57 Seiten), Illustrationen
  8. The economic value of eliminating diseases
    Autor*in: Crego, Julio; Karpati, Daniel; Kvaerner, Jens Soerlie; Renneboog, Luc
    Erschienen: 21 November 2022
    Verlag:  CentER, Tilburg University, [Tilburg]

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    Schriftenreihe: Discussion paper / CentER ; no. 2022, 029
    Schlagworte: health shocks; household finance; life cycle; health economics; public health expenditure; labor earnings; labor participation; mortality; medical expenses
    Umfang: 1 Online-Ressource (circa 56 Seiten), Illustrationen
  9. Impact of a health shock on lifestyle behaviours
    Autor*in: Verdun, Zoey
    Erschienen: 2020
    Verlag:  European University Institute, Badia Fiesolana, Italy

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    Weitere Identifier:
    hdl: 1814/67590
    Schriftenreihe: EUI working papers ; ECO 2020, 02
    Schlagworte: health shocks; lifestyle behaviours; behavioural change
    Umfang: 1 Online-Ressource (circa 38 Seiten), Illustrationen
  10. Health shocks and overindebtedness
    a panel data analysis from rural Viet Nam
    Autor*in: Chhay, Panharoth; Rahut, Dil Bahadur
    Erschienen: [2022]
    Verlag:  Asian Development Bank Institute, Tokyo, Japan

    Rural households in developing countries have limited capacity to cope with and manage shocks, thereby resulting in chronic poverty, indebtedness, and a decline in overall well-being. Therefore, this study analyzes the effects of health shocks on... mehr

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    Rural households in developing countries have limited capacity to cope with and manage shocks, thereby resulting in chronic poverty, indebtedness, and a decline in overall well-being. Therefore, this study analyzes the effects of health shocks on overindebtedness in rural Viet Nam using four rounds of a balanced panel data set of about 1,750 households observed over a decade (2007, 2010, 2013, 2016). Employing the household-level fixed-effect model, this study finds that health shocks reduce household income and increase health expenditure among rural Vietnamese households. It also finds that households cope with health shocks mainly by borrowing from more sources. Households experiencing health shocks are 2.2 to 3.1 percentage points more likely to be overindebted, which occurs primarily among households without health insurance, suggesting that social health insurance can reduce households' vulnerability to the consequences of health shocks. These findings strongly support efforts to expand access to social health insurance in rural Viet Nam.

     
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    hdl: 10419/264171
    Schriftenreihe: ADBI working paper series ; no. 1311 (May 2022)
    Schlagworte: health shocks; overindebtedness; social health insurance; household-level fixed effects; rural Viet Nam
    Umfang: 1 Online-Ressource (circa 20 Seiten)
  11. Public infrastructure and regional resilience
    evidence from the 1918 Spanish flu in Germany
    Autor*in: Foertsch, Mona; Rösel, Felix
    Erschienen: October 2023
    Verlag:  CESifo, Munich, Germany

    Can public infrastructure help regions to mitigate large shocks? We examine how hospital infrastructure contributes to regional resilience in the event of serious health emergencies. During the 1918 Spanish flu pandemic, four out of every 1,000... mehr

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    Can public infrastructure help regions to mitigate large shocks? We examine how hospital infrastructure contributes to regional resilience in the event of serious health emergencies. During the 1918 Spanish flu pandemic, four out of every 1,000 Germans died. We find lower influenza mortality rates and no political reaction in cities and rural areas with adequate hospital infrastructure. In contrast, rural areas without adequate infrastructure absorb shocks poorly, and voters punish the governing parties in the next elections. We conclude that public infrastructure can mitigate large external shocks, especially in rural regions.

     
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    Schriftenreihe: CESifo working papers ; 10705 (2023)
    Schlagworte: public infrastructure; resilience; health shocks; Spanish flu; Germany
    Umfang: 1 Online-Ressource (circa 35 Seiten), Illustrationen
  12. Accident-induced absence from work and wage ladders
    Autor*in: Bíró, Anikó; Bisztray, Márta; Fonseca, João G. da; Molnár, Tímea Laura
    Erschienen: [2023]
    Verlag:  Institute for Fiscal Studies, [London]

    How do temporary spells of absence from work affect individuals' labor trajectory? To answer this question, we augment a 'wage ladder' model, in which individuals receive alternative take-it-or-leave-it wage offers from firms and potentially suffer... mehr

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    How do temporary spells of absence from work affect individuals' labor trajectory? To answer this question, we augment a 'wage ladder' model, in which individuals receive alternative take-it-or-leave-it wage offers from firms and potentially suffer accidents which may push them into temporary absence. In such an environment, during absence, individuals do not have the opportunity to receive alternative wage offers that they would have received had they remained present. To test our model's predictions and to quantify the importance of foregone opportunities to climb the wage ladder, we use linked employeremployee administrative data from Hungary, that is linked to rich individual-level administrative health records. We use unexpected and mild accidents with arguably no permanent labor productivity losses, as exogenous drivers of short periods of absence. Difference-in-Differences results show that, relative to counterfactual outcomes in the case of no accidents, (i) even short (3-12-months long) periods of absence due to accidents decrease individuals' wages for up to two years, by around 2.5 percent; and that (ii) individuals end up with lower-paying employers. The share of wage loss due to missed opportunities to switch employers is between 7-20 percent over a two-year period after returning to work, whereas at most 2 percent is due to occupation switches. Our results are robust to (a) instrumenting absence with having suffered an accident, (b) exploiting the random nature of the time of the accident, and (c) within-firm matching of individuals with and without an accident and subsequent absence spell.

     
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    hdl: 10419/284256
    Schriftenreihe: Working paper / lnstitute for Fiscal Studies ; 23, 30
    Schlagworte: wage ladder; accidents; health shocks; temporary absence from work
    Umfang: 1 Online-Ressource (circa 60 Seiten), Illustrationen
  13. The impact of parental health shocks on child schooling and labor
    evidence from Thailand
    Autor*in: Sasiwooth Wongmonta
    Erschienen: [2023]
    Verlag:  [Puey Ungphakorn Institute for Economic Research], [Bangkok]

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    Schriftenreihe: Discussion paper / Puey Ungphakorn Institute for Economic Research ; no. 209 (October 2023)
    Schlagworte: education; child labor; human capital; health shocks; Thailand
    Umfang: 1 Online-Ressource (circa 30 Seiten)
  14. Accident-induced absence from work and wage ladders
    Autor*in: Bíró, Anikó; Bisztray, Márta; Fonseca, João Galindo da; Molnár, Timea Laura
    Erschienen: July 2023
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    How do temporary spells of absence from work affect individuals' labor trajectory? To answer this question, we augment a 'wage ladder' model, in which individuals receive alternative take-it-or-leave-it wage offers from firms and potentially suffer... mehr

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    How do temporary spells of absence from work affect individuals' labor trajectory? To answer this question, we augment a 'wage ladder' model, in which individuals receive alternative take-it-or-leave-it wage offers from firms and potentially suffer accidents which may push them into temporary absence from work. In such an environment, during absence, individuals do not have the opportunity to receive alternative wage offers that they would have received had they remained present. To test our model's predictions and to quantify the importance of foregone opportunities to climb the wage ladder, we use linked employer-employee administrative data from Hungary, that is linked to rich individual-level administrative health records. We use unexpected and mild accidents with arguably no permanent labor productivity losses, as exogenous drivers of short periods of absence. Difference-in-Differences results show that, relative to counterfactual outcomes in the case no accidents, (i) even short (3-12-months long) periods of absence due to accidents decrease individuals' wages for up to two years, by around 2.5 percent; and that (ii) individuals reallocate to lower-paying employers. The share of wage loss due to missed opportunities to switch employers is between 7-20 percent over a two-year period after returning to work, whereas at most 2 percent is due to occupation switches. Our results are robust to (a) instrumenting absence with having suffered an accident, (b) exploiting the random nature of the time of the accident, and (c) within-firm matching of individuals with and without an accident and subsequent absence spell.

     
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    hdl: 10419/279010
    Schriftenreihe: Discussion paper series / IZA ; no. 16312
    Schlagworte: wage ladder; accidents; health shocks; temporary absence from work
    Umfang: 1 Online-Ressource (circa 61 Seiten), Illustrationen
  15. The impact of parents' health shocks on children's health behaviors
    Autor*in: Blasco, Sylvie; Moreno-Galbis, Eva; Tanguy, Jeremy
    Erschienen: [2023]
    Verlag:  [Aix-Marseille School of Economics], [Aix-en-Provence

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    Schriftenreihe: Working papers / AMSE, Aix-Marseille School of Economics ; WP 2023, nr 33
    Schlagworte: smoking; health shocks; intergenerational transmission
    Umfang: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  16. Accident-induced absence from work and wage growth
    Autor*in: Bíró, Anikó; Bisztray, Márta; Fonseca, João G. da
    Erschienen: [2024]
    Verlag:  [Départment de Sciences Économiques, Université de Montréal], [Montréal]

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    Weitere Identifier:
    hdl: 1866/32696
    Schriftenreihe: [Cahier de recherche] / [Département de Sciences Économiques, Université de Montréal] ; [no. 2024, 01]
    Schlagworte: wage growth; accidents; health shocks; temporary absence from work
    Umfang: 1 Online-Ressource (circa 65 Seiten), Illustrationen
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    Redundante Zählung des Stücktitels
  17. Accident-induced absence from work and wage ladders
    Autor*in: Bíró, Anikó; Bisztray, Márta; Fonseca, João G. da; Molnár, Tímea
    Erschienen: [2023]
    Verlag:  Institute of Economics, Centre for Economic and Regional Studies, Budapest

    How do temporary spells of absence from work affect individuals' labor trajectory? To answer this question, we augment a 'wage ladder' model, in which individuals receive alternative takeit-or-leave-it wage offers from firms and potentially suffer... mehr

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    How do temporary spells of absence from work affect individuals' labor trajectory? To answer this question, we augment a 'wage ladder' model, in which individuals receive alternative takeit-or-leave-it wage offers from firms and potentially suffer accidents which may push them into temporary absence. In such an environment, during absence, individuals do not have the opportunity to receive alternative wage offers that they would have received had they remained present. To test our model's predictions and to quantify the importance of foregone opportunities to climb the wage ladder, we use linked employer-employee administrative data from Hungary, that is linked to rich individual-level administrative health records. We use unexpected and mild accidents with arguably no permanent labor productivity losses, as exogenous drivers of short periods of absence. Difference-in-Differences results show that, relative to counterfactual outcomes in the case of no accidents, (i) even short (3-12-months long) periods of absence due to accidents decrease individuals' wages for up to two years, by around 2.5 percent; and that (ii) individuals reallocate to lower-paying employers. The share of wage loss due to missed opportunities to switch employers is between 7-20 percent over a two-year period after returning to work, whereas at most 2 percent is due to occupation switches. Our results are robust to (a) instrumenting absence with having suffered an accident, (b) exploiting the random nature of the time of the accident, and (c) within-firm matching of individuals with and without an accident and subsequent absence spell.

     
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    Weitere Identifier:
    hdl: 10419/282242
    Schriftenreihe: KRTK KTI working papers ; KRTK KTI WP - 2023, 21 (August 2023)
    Schlagworte: wage ladder; accidents; health shocks; temporary absence from work
    Umfang: 1 Online-Ressource (circa 62 Seiten), Illustrationen
  18. Predictability and (co-)incidence of labor and health shocks
    Autor*in: Cammeraat, Emile; Hekkelman, Brinn; Kastelein, Pim; Vissers, Suzanne
    Erschienen: December 2023
    Verlag:  [CPB Netherlands Bureau for Economic Policy Analysis], [The Hague]

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    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
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    Schriftenreihe: CPB discussion paper
    Schlagworte: risk concurrence; labor shocks; health shocks; machine learning; prediction
    Umfang: 1 Online-Ressource (circa 64 Seiten), Illustrationen
  19. The impact of acute health shocks on the labour supply of older workers
    evidence from sixteen European countries
    Autor*in: Trevisan, Elisabetta; Zantomio, Francesca
    Erschienen: [2015]
    Verlag:  Department of Economics, Ca’ Foscari University of Venice, Venice Italy

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Working paper / Ca' Foscari University of Venice, Department of Economics ; 2015, no. 27
    Schlagworte: health shocks; labour supply; Europe; older workers; propensity score matching
    Umfang: 1 Online-Ressource (circa 39 Seiten)
  20. The impact of household health shocks on female time allocation and agricultural labor participation in rural Pakistan
    Autor*in: Gajate-Garrido, Gissele
    Erschienen: 2015
    Verlag:  Internat. Food Policy Research Inst., Washington, DC

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: IFPRI discussion paper ; 1449
    Schlagworte: division of labor; health shocks; development; agricultural productivity; gender
    Umfang: Online-Ressource (VI, 22 S.)
  21. Acute health shocks and labour market outcomes
    Autor*in: Jones, Andrew M.; Rice, Nigel; Zantomio, Francesca
    Erschienen: [2016]
    Verlag:  Department of Economics, Ca’ Foscari University of Venice, Venice Italy

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Fernleihe:
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    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Working paper / Ca' Foscari University of Venice, Department of Economics ; 2016, no. 09
    Schlagworte: health shocks; labour supply; panel data; matching methods
    Umfang: 1 Online-Ressource (circa 44 Seiten), Illustrationen