Poor And Sick: Estimating The Relationship Between Household Income And Health
AbstractThis study evaluates the effect of the individualâs household income on their health at the later stages of working life. A structural equation model is utilised in order to derive a composite and continuous index of the latent health status from qualitative health status indicators. The endogenous relationship between health status and household income status is taken into account by using IV estimators. The findings reveal a significant effect of individual household income on health before and after endogeneity is taken into account and after a host of other factors which is known to influence health, including hereditary factors and the individualâs locus of control. Importantly, it is also shown that the childhood socioeconomic position of the individual has long lasting effects on health as it appears to play a significant role in determining health during the later stages of working life.
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Bibliographic InfoArticle provided by International Association for Research in Income and Wealth in its journal Review of Income and Wealth.
Volume (Year): 57 (2011)
Issue (Month): 3 (09)
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0034-6586
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Other versions of this item:
- Economou, Athina & Theodossiou, Ioannis, 2010. "Poor and Sick: Estimating the relationship between Household Income and Health," SIRE Discussion Papers 2010-121, Scottish Institute for Research in Economics (SIRE).
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- Maite Blázquez Cuesta & Santiago Budría, 2013. "Does income deprivation affect people’s mental well-being?," Banco de Espaï¿½a Working Papers 1312, Banco de Espa�a.
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