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Healthy Aging at Older Ages: Are Income and Education Important?

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  • Neil J. Buckley
  • Frank T. Denton
  • A. Leslie Robb
  • Byron G. Spencer

Abstract

Being higher on the socioeconomic scale is correlated with being in better health, but is there is a causal relationship? Using three years of longitudinal data for individuals aged 50 and older from the Canadian Survey of Labour and Income Dynamics, we study the health transitions for those who were in good health in the first year, focussing especially on income and education. The initial good health restriction removes from the sample those whose incomes may have been affected by a previous history of poor health, thus avoiding a well known problem of econometric endogeneity. We then ask, for those in good health, whether later transitions in health status are related to socioeconomic status. We find that they are that changes in health status over the subsequent two years are related in particular to income and education.

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Bibliographic Info

Paper provided by McMaster University in its series Quantitative Studies in Economics and Population Research Reports with number 392.

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Length: 40 pages
Date of creation: Dec 2004
Date of revision:
Handle: RePEc:mcm:qseprr:392

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Keywords: aging; health; income; education;

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  1. James P. Smith, 1999. "Healthy Bodies and Thick Wallets: The Dual Relation between Health and Economic Status," Journal of Economic Perspectives, American Economic Association, vol. 13(2), pages 145-166, Spring.
  2. Neil J. Buckley & Frank T. Denton & A. Leslie Robb & Byron G. Spencer, 2003. "The Transition from Good to Poor Health: An Econometric Study of the Older Population," Social and Economic Dimensions of an Aging Population Research Papers 94, McMaster University.
  3. Poterba, James M., 2003. "Some observations on health status and economic status," Journal of Econometrics, Elsevier, vol. 112(1), pages 65-67, January.
  4. Adda, Jerome & Chandola, Tarani & Marmot, Michael, 2003. "Socio-economic status and health: causality and pathways," Journal of Econometrics, Elsevier, vol. 112(1), pages 57-63, January.
  5. Adams, Peter & Hurd, Michael D. & McFadden, Daniel & Merrill, Angela & Ribeiro, Tiago, 2003. "Healthy, wealthy, and wise? Tests for direct causal paths between health and socioeconomic status," Journal of Econometrics, Elsevier, vol. 112(1), pages 3-56, January.
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Cited by:
  1. Neil J Buckley & Frank T Denton & A Leslie Robb & Byron G Spencer, 2005. "Socioeconomic Influences on the Health of Older Canadians: Estimates Based on Two Longitudinal Surveys," Quantitative Studies in Economics and Population Research Reports 402, McMaster University.
  2. Margaret Denton & Linda Boos, 2007. "Gender Inequality in the Wealth of Older Canadians," Social and Economic Dimensions of an Aging Population Research Papers 169, McMaster University.
  3. Asakawa, Keiko & Senthilselvan, Ambikaipakan & Feeny, David & Johnson, Jeffrey & Rolfson, Darryl, 2012. "Trajectories of health-related quality of life differ by age among adults: Results from an eight-year longitudinal study," Journal of Health Economics, Elsevier, vol. 31(1), pages 207-218.
  4. Daniel B´┐Żland, 2006. "What Ownership Society: Debating Housing and Social Security Reform in the United States," Social and Economic Dimensions of an Aging Population Research Papers 150, McMaster University.
  5. Stephen Birch & George Kephart & Gail Tomblin-Murphy & Linda O'Brien-Pallas & Rob Alder & Adrian MacKenzie, 2007. "Health human resources planning and the production of health: Development of an extended analytical framework for needs-based health human resources planning," Social and Economic Dimensions of an Aging Population Research Papers 168, McMaster University.
  6. Isik U. Zeytinoglu & Margaret Denton, 2006. "Satisfied Workers, Retained Workers: Effects of Work and Work Environment on Homecare Workers' Job Satisfaction, Stress, Physical Health, and Retention," Social and Economic Dimensions of an Aging Population Research Papers 166, McMaster University.

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