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Worsening Workers' Health by Lowering Retirement Age: The Malign Consequences of a Benign Reform
In 2003, the retirement age of Swiss construction workers was lowered from 65 to 60. This reform has been intended to improve their health. Our study shows the opposite outcome. The human capital theory suggests that investments in employees’ productivity by the employer and the employees themselves depend on the time remaining until their retirement. Hence, we hypothesize that pension reforms that reduce employees’ working horizon decrease investments in work-related human capital, which translates into a higher prevalence of sickness absences, a longer absence duration, and worse...
Health Care Reform and the Health of Performing Artists in the US
Abstract: Health care in the United States is beset by three critical problems: cost, quality, and coverage. We have by far the most expensive health care in the world, spending about 17% of our Gross Domestic Product, or over $7,000/person; most other developed countries spend about 8 to 10% of their GDP on health care. Despite spending that much money, the health status of Americans is far from the best in the world. Underlying both problems is the fact that over 15% of the US population does not have health insurance,5 which means they do not have access to health care when it can be delivered...

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