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Mortality, Health Status, and Wealth

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  • Orazio P. Attanasio

    (University College London)

  • Carl Emmerson

    (Institute for Fiscal Studies)

Abstract

In this paper we use the two waves of the British Retirement Survey (1988/1989 and 1994) to quantify the relationship between socioeconomic status and health outcomes. We find that, even after conditioning on the initial health status, wealth rankings are important determinants of mortality and the evolution of the health indicator in the survey. For men aged 65 moving from the 40th percentile to the 60th percentile in the wealth distribution increases the probability of survival by between 1.0 and 1.9 percentage points depending on the measure of wealth used. A similar effect is found for women of between 1.1 and 1.3 percentage points. In the process of estimating these effects we control for nonrandom attrition from our sample. (JEL: I2, J19) Copyright (c) 2003 The European Economic Association.

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Bibliographic Info

Article provided by MIT Press in its journal Journal of the European Economic Association.

Volume (Year): 1 (2003)
Issue (Month): 4 (06)
Pages: 821-850

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Handle: RePEc:tpr:jeurec:v:1:y:2003:i:4:p:821-850

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Cited by:
  1. Hans-Martin von Gaudecker & Rembrandt D. Scholz, 2006. "Lifetime earnings and life expectancy," MPIDR Working Papers WP-2006-008, Max Planck Institute for Demographic Research, Rostock, Germany.
  2. Pilar Garcia-Gomez & Erik Schokkaert & Tom Van Ourti & Teresa Bago d'Uva, 2012. "Inequity in the Face of Death," Tinbergen Institute Discussion Papers 12-084/3, Tinbergen Institute.
  3. Angus S. Deaton & Christina Paxson, 2004. "Mortality, Income, and Income Inequality over Time in Britain and the United States," NBER Chapters, in: Perspectives on the Economics of Aging, pages 247-286 National Bureau of Economic Research, Inc.
  4. James M. Poterba & Steven F. Venti & David A. Wise, 2011. "Were They Prepared for Retirement? Financial Status at Advanced Ages in the HRS and AHEAD Cohorts," NBER Chapters, in: Investigations in the Economics of Aging, pages 21-69 National Bureau of Economic Research, Inc.
  5. Mariacristina De Nardi & Eric French & John B. Jones, 2010. "Why Do the Elderly Save? The Role of Medical Expenses," Journal of Political Economy, University of Chicago Press, vol. 118(1), pages 39-75, 02.
  6. James M. Poterba & Steven F. Venti & David A. Wise, 2013. "The Nexus of Social Security Benefits, Health, and Wealth at Death," NBER Chapters, in: Discoveries in the Economics of Aging, pages 159-182 National Bureau of Economic Research, Inc.
  7. Adriaan Kalwij & Rob Alessie & Marike Knoef, 2013. "The Association Between Individual Income and Remaining Life Expectancy at the Age of 65 in the Netherlands," Demography, Springer, vol. 50(1), pages 181-206, February.
  8. Karol Jan BOROWIECKI & Georgios KAVETSOS, 2011. "Does Competition Kill? The Case of Classical Composers," Trinity Economics Papers tep1111, Trinity College Dublin, Department of Economics.
  9. Christoph Schinke, 2012. "Inheritance in Germany 1911 to 2009: A Mortality Multiplier Approach," SOEPpapers on Multidisciplinary Panel Data Research 462, DIW Berlin, The German Socio-Economic Panel (SOEP).
  10. Alexander S. Skorobogatov, 2012. "The value of human capital and health behavior," Economics Bulletin, AccessEcon, vol. 32(2), pages 1785-1796.
  11. repec:dgr:uvatin:2012084 is not listed on IDEAS
  12. Eric French & Mariacristina De Nardi & John Bailey Jones & Olesya Baker & Phil Doctor, 2006. "Right before the end: asset decumulation at the end of life," Economic Perspectives, Federal Reserve Bank of Chicago, issue Q III, pages 2-13.

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