Out for good: Transitory and persistent labor market effects of heterogeneous health shocks
基于病假和住院数据将健康冲击分为中度和重度两类，发现重度冲击对就业、劳动收入和家庭净收入有更持久的影响，而中度冲击对就业影响短暂但对工时影响更持久。
We propose a novel method to detect and disentangle moderate and severe health shocks in a general population survey based on a data-driven classification of sickness absences and hospitalizations. Both types of shocks are widespread with an annual incidence of about 1.7%, which rises steeply with age. We estimate the effects of both shocks on labor market outcomes and find that severe shocks have more persistent effects on employment (7.5 percentage point reduction), labor income, and household net income. Moderate shocks have transitory effects on employment (2 percentage point reduction), but more long-lasting effects on work hours.