TY  - RPRT
        AU  - Riphahn, Regina T.
        TI  - Income and Employment Effects of Health Shocks - A Test Case for the German Welfare State
        PY  - 1998/Jun/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 10
        UR  - https://www.iza.org/publications/dp10
        AB  - 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 well-being 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 
        KW  - health
KW  - labor force participation
KW  - welfare state
KW  - earnings
        ER  -