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DTSTART:20161030T030000
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BEGIN:VEVENT
UID:calendar.141056.field_date.0@www.tse-fr.eu
DTSTAMP:20260614T140826Z
CREATED:20260109T151001Z
DESCRIPTION:Eugenio Zucchelli (Lancaster University)\, “The dynamics of hea
 lth and labour market transitions at older ages: evidence from a multi-sta
 te model”\, Food Economics and Policy Seminar\, TSE\, December 2\, 2016\, 
 11:00–12:30\, room MS 003.\n\nDespite its clear relevance and policy signi
 ficance\, there is still sparse evidence on the effects of ill-health on t
 he dynamics of labour state transitions among older individuals. We provid
 e novel evidence by considering retirement as mobility among full-time wor
 k\, part-time work\, self-employment and inactivity\, using a dynamic mult
 inomial choice model that simultaneously accounts for state dependence\, i
 ndividual-level and state-specific unobserved heterogeneity\, captivity an
 d correlations between labour market states. We also simulate the dynamic 
 paths for the four labour states from both transitory and permanent health
  shocks. We find strong state dependence for all four labour states even a
 fter accounting for individual effects. Both ill-health and health shocks 
 are found to greatly increase the probability of leaving full-time employm
 ent into inactivity\, and we find some evidence of part-time and self-empl
 oyment paths. Significant evidence is found for “captivity” effects for th
 e “inactive” state\, and correlations across labour states. We also show t
 hat the degree of state dependence is over-estimated and\, for men\, the e
 ffects of ill health under-estimated\, if unobserved individual effects ar
 e not controlled for in dynamic models.
DTSTART;TZID=Europe/Paris:20161202T110000
DTEND;TZID=Europe/Paris:20161202T123000
LAST-MODIFIED:20260109T151001Z
LOCATION:TSE\, December 2\, 2016\, 11:00–12:30\, room MS 003
SUMMARY:Food Economics and Policy Seminar
URL;TYPE=URI:https://www.tse-fr.eu/seminars/2016-dynamics-health-and-labour
 -market-transitions-older-ages-evidence-multi-state-model-0
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