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Your Money or Your Life: Managing Health, Managing Money

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  • Irina Grafova

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Abstract

Using the Panel Study of Income Dynamics, this paper examines the relationship between non-collateralized debt (NCD) and health behaviors. The results reveal that households whose members tend to lead less healthy lifestyles are more likely to hold NCD. There are three possible underlying hypotheses that may explain these relationships: (a) common factors, such as preferences, shaping both debt and poorer health behaviors; (b) poorer health and health behaviors causing debt; and (c) debt causing poorer health behaviors. Our findings are not consistent with a causal relationship between health behaviors and NCD. It is likely that other factors, such as time preferences, risk aversion and self-control may underlie the observed correlation. Copyright Springer Science+Business Media, LLC 2007

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Bibliographic Info

Article provided by Springer in its journal Journal of Family and Economic Issues.

Volume (Year): 28 (2007)
Issue (Month): 2 (June)
Pages: 285-303

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Handle: RePEc:kap:jfamec:v:28:y:2007:i:2:p:285-303

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Web page: http://www.springerlink.com/link.asp?id=104904

Related research

Keywords: Credit card debt; Health behaviors; Non-collateralized debt; Obesity; Smoking;

References

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Citations

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Cited by:
  1. Elena Gouskova & Ngina Chiteji & Frank Stafford, 2010. "Pension Participation: Do Parents Transmit Time Preference?," Journal of Family and Economic Issues, Springer, vol. 31(2), pages 138-150, June.
  2. Rui Yao & Deanna Sharpe & Elizabeth Gorham, 2011. "An Exploratory Study of Chinese Americans’ Debt Ownership," Journal of Family and Economic Issues, Springer, vol. 32(4), pages 600-611, December.
  3. Qi Zhang & Zhuo Chen & Norou Diawara & Youfa Wang, 2011. "Prices of Unhealthy Foods, Food Stamp Program Participation, and Body Weight Status Among U.S. Low-Income Women," Journal of Family and Economic Issues, Springer, vol. 32(2), pages 245-256, June.
  4. Irina Grafova, 2011. "Financial Strain and Smoking," Journal of Family and Economic Issues, Springer, vol. 32(2), pages 327-340, June.
  5. Aydogan Ulker, 2009. "Wealth Holdings and Portfolio Allocation of the Elderly: The Role of Marital History," Journal of Family and Economic Issues, Springer, vol. 30(1), pages 90-108, March.
  6. Linda Skogrand & Alena Johnson & Amanda Horrocks & John DeFrain, 2011. "Financial Management Practices of Couples with Great Marriages," Journal of Family and Economic Issues, Springer, vol. 32(1), pages 27-35, March.
  7. William Nilsson, 2008. "Spousal Income and Sick Leave: What do Twins Tell us About Causality?," Journal of Family and Economic Issues, Springer, vol. 29(3), pages 407-426, September.
  8. Gregory Ponthiere, 2011. "Mortality, Family and Lifestyles," Journal of Family and Economic Issues, Springer, vol. 32(2), pages 175-190, June.
  9. Diann Moorman & Steven Garasky, 2008. "Consumer Debt Repayment Behavior as a Precursor to Bankruptcy," Journal of Family and Economic Issues, Springer, vol. 29(2), pages 219-233, June.
  10. Chung-Ping Loh & Chin-Shyan Chen & Tsai-Ching Liu, 2009. "Multiple Dimensions of Cigarette Smoking and Responsiveness to Cigarette Price Changes in Taiwan," Journal of Family and Economic Issues, Springer, vol. 30(2), pages 203-213, June.
  11. Seong-Hoon Cho & Dayton Lambert & Hyun Kim & Seung Kim, 2009. "Overweight Korean Adolescents and Academic Achievement," Journal of Family and Economic Issues, Springer, vol. 30(2), pages 126-136, June.
  12. David Schramm & V. William Harris, 2011. "Marital Quality and Income: An Examination of the Influence of Government Assistance," Journal of Family and Economic Issues, Springer, vol. 32(3), pages 437-448, September.
  13. repec:hal:wpaper:halshs-00564898 is not listed on IDEAS
  14. Zhuo Chen & Qi Zhang, 2011. "Nutrigenomics Hypothesis: Examining the Association Between Food Stamp Program Participation and Bodyweight Among Low-Income Women," Journal of Family and Economic Issues, Springer, vol. 32(3), pages 508-520, September.
  15. Averett, Susan L. & Smith, Julie K., 2012. "Indebted and Overweight: The Link Between Weight and Household Debt," IZA Discussion Papers 6898, Institute for the Study of Labor (IZA).

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