BEGIN:VCALENDAR
PRODID:-//Columba Systems Ltd//NONSGML CPNG/SpringViewer/ICal Output/3.3-
 M3//EN
VERSION:2.0
CALSCALE:GREGORIAN
METHOD:PUBLISH
BEGIN:VEVENT
DTSTAMP:20261023T110325Z
DTSTART:20261028T130000Z
DTEND:20261028T135000Z
SUMMARY:Brownbag Seminar: Maria Plakhtieva
UID:{http://www.columbasystems.com/customers/uom/gpp/eventid/}rei-mvkv38c
 j-7dgqqa
DESCRIPTION:Title: How do acute health shocks impact individual preferenc
 es? Evidence from Employment Decisions.\n\nAuthor: Maria Plakhtieva\n\nA
 bstract: This paper studies whether acute health shocks alter the intert
 emporal preferences that govern employment\, leisure\, and consumption d
 ecisions. I combine British Household Panel Survey and Understanding Soc
 iety data with a life-cycle consumption and labour-supply model. The emp
 irical design first documents dynamic changes in labour-market outcomes 
 around the onset of cancer\, stroke\, or heart attack. I then estimate t
 he model’s intratemporal\, Frisch\, and Euler-equation restrictions usin
 g a three-step generalized method of moments procedure\, comparing treat
 ed individuals with an entropy-balanced comparison group. The event-stud
 y evidence shows a reduction in labour-market activity after the shock\,
  while consumption responses are comparatively muted. The structural est
 imates imply a shift in the consumption–leisure trade-off\, with the uti
 lity weight on nondurable consumption falling by 2.3 percentage points f
 or men and 1.9 percentage points for women. The marginal utility of cons
 umption also becomes more sensitive to health\, with the corresponding e
 lasticity rising by 0.92 for men and 0.30 for women. The estimates imply
  no evidence of present bias and little evidence that the age gradient i
 n patience differs between treated and comparison individuals. The prefe
 rred estimates suggest\, however\, that the evolution of discounting dif
 fers after an acute health shock\, particularly for women. Relative to t
 he comparison group\, the annual discount factor falls by about 0.01 for
  men and 0.03 for women. Overall\, the findings suggest that health shoc
 ks may alter both intratemporal and intertemporal preferences\, with the
  strongest statistical evidence pointing to a shift in the relative valu
 ation of consumption and leisure.\n\n
STATUS:TENTATIVE
TRANSP:TRANSPARENT
CLASS:PUBLIC
LOCATION:Arthur Lewis_G.020/G.021\, Arthur Lewis Building\, Manchester
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