In this paper we use the two waves of the British Retirement Survey (1988/89 and 1994) to quantify the relationship between socio-economic 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 2.4 and 3.4 percentage points depending on the measure of wealth used. A slightly smaller effect is found for women of between 1.5 and 1.9 percentage points. In the process of estimating these effects we control for non-random attrition from our sample.
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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number
8241.
Length: Date of creation: Apr 2001 Date of revision: Handle: RePEc:nbr:nberwo:8241
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Find related papers by JEL classification: J1 - Labor and Demographic Economics - - Demographic Economics I1 - Health, Education, and Welfare - - Health
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Jonathan Meer & Douglas T. Miller & Harvey S. Rosen, 2003.
"Exploring the Health-Wealth Nexus,"
NBER Working Papers
9554, National Bureau of Economic Research, Inc.
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