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Poorer Is Riskier

Author

Listed:
  • John D. Graham
  • Bei‐Hung Chang
  • John S. Evans

Abstract

To examine the relationship between economic well being and health status, two economic concepts were explored: the permanent‐income hypothesis and the transitory‐income hypothesis. A regression analysis of time‐series mortality data for the period of 1950‐1988 was conducted. The regression results indicated that the total mortality rate is negatively associated with permanent income and positively associated with the transitory income. Results are also reported for the 8 major causes of death in the United States. The implications for risk analysis are discussed.

Suggested Citation

  • John D. Graham & Bei‐Hung Chang & John S. Evans, 1992. "Poorer Is Riskier," Risk Analysis, John Wiley & Sons, vol. 12(3), pages 333-337, September.
    • Handle: RePEc:wly:riskan:v:12:y:1992:i:3:p:333-337
    DOI: 10.1111/j.1539-6924.1992.tb00684.x
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    References listed on IDEAS

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    1. Milton Friedman, 1957. "Introduction to "A Theory of the Consumption Function"," NBER Chapters, in: A Theory of the Consumption Function, pages 1-6, National Bureau of Economic Research, Inc.
    2. Peter Sinsheimer, 1991. "The Risks of Economic Modeling Before Establishing the Causal Inference," Risk Analysis, John Wiley & Sons, vol. 11(2), pages 187-188, June.
    3. Catalano, R., 1991. "The health effects of economic insecurity," American Journal of Public Health, American Public Health Association, vol. 81(9), pages 1148-1152.
    4. Milton Friedman, 1957. "A Theory of the Consumption Function," NBER Books, National Bureau of Economic Research, Inc, number frie57-1, March.
    5. Ralph L. Keeney, 1990. "Mortality Risks Induced by Economic Expenditures," Risk Analysis, John Wiley & Sons, vol. 10(1), pages 147-159, March.
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    Cited by:

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    2. Gerdtham, Ulf-G. & Ruhm, Christopher J., 2006. "Deaths rise in good economic times: Evidence from the OECD," Economics & Human Biology, Elsevier, vol. 4(3), pages 298-316, December.
    3. Jackson Voelkel & Dana Hellman & Ryu Sakuma & Vivek Shandas, 2018. "Assessing Vulnerability to Urban Heat: A Study of Disproportionate Heat Exposure and Access to Refuge by Socio-Demographic Status in Portland, Oregon," IJERPH, MDPI, vol. 15(4), pages 1-14, March.
    4. Ruhm, Christopher J., 2005. "Healthy living in hard times," Journal of Health Economics, Elsevier, vol. 24(2), pages 341-363, March.

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