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Dynamics of health and labor market risks

机译：健康和劳动力市场风险的动态

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摘要

While there is little doubt that the probability of poor health increases with age, and that less healthy people face a more difficult situation on the labor market, the precise relationship between facing the risks of health deterioration and labor market instability is not well understood. Using 12 years of data from the German Socio-Economic Panel we study the nature of the relationship between poor health and non-employment on a sample of German men aged 30-59. We propose a joint model of health and labor market risks which identifies the mechanism through which poor health contributes to the probability of being jobless and vice versa. We find an important role of unobserved heterogeneity and evidence for correlation in the unobservable characteristics determining the two processes. The results also show strong persistence in the dynamics of health and labor market risks.
机译：尽管毫无疑问健康状况差的可能性会随着年龄的增长而增加，而健康状况较差的人在劳动力市场上将面临更加困难的局面，但人们对健康状况恶化的风险与劳动力市场不稳定之间的确切关系却知之甚少。我们使用德国社会经济专家组提供的12年数据，对30-59岁的德国男性样本研究了不良健康状况与失业之间的关系。我们提出了健康和劳动力市场风险的联合模型，该模型确定了不良健康导致失业可能性的机制，反之亦然。我们发现了不可观察的异质性的重要作用，以及在确定两个过程的不可观察特征中相关性的证据。结果还显示出健康和劳动力市场风险动态的持久性。

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