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Health, Wealth, and the Role of Institutions

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Author Info
Michael Hurd
Arie Kapteyn

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Abstract

A positive relationship between socio-economic status and health has been observed over many populations and many time periods. One of the factors mediating this relation is the institutional environment in which people function. The authors consider longitudinal data from two countries with very different institutional environments, the U.S. and the Netherlands. To structure the empirical analysis, a theoretical model is developed relating changes in health status to income and changes in income to health status. The authors show that income or wealth inequality is closely connected with health inequality. The authors estimate counterparts to the theoretical relationships with generally corroborative results.

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Paper provided by RAND Corporation Publications Department in its series Working Papers with number 03-09.

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Length: 52 pages
Date of creation: Mar 2003
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Handle: RePEc:ran:wpaper:03-09

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Michael D. Hurd, 1999. "Mortality Risk and Consumption by Couples," NBER Working Papers 7048, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  2. Hurd, Michael D, 1989. "Mortality Risk and Bequests," Econometrica, Econometric Society, vol. 57(4), pages 779-813, July. [Downloadable!] (restricted)
  3. Avery, Robert B & Kennickell, Arthur B, 1991. "Household Saving in the U.S," Review of Income and Wealth, Blackwell Publishing, vol. 37(4), pages 409-32, December.
  4. Mark B. McClellan, 1998. "Health Events, Health Insurance, and Labor Supply: Evidence from the Health and Retirement Survey," NBER Chapters, in: Frontiers in the Economics of Aging, pages 301-350 National Bureau of Economic Research, Inc. [Downloadable!]
  5. Alessie, Rob & Lusardi, Annamaria & Kapteyn, Arie, 1999. "Saving after retirement: evidence from three different surveys," Labour Economics, Elsevier, vol. 6(2), pages 277-310, June. [Downloadable!] (restricted)
  6. Davies, J B, 1979. "On the Size Distribution of Wealth in Canada," Review of Income and Wealth, Blackwell Publishing, vol. 25(3), pages 237-59, September.
  7. Victor R. Fuchs, 1982. "Time Preference and Health: An Exploratory Study," NBER Working Papers 0539, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  8. 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. [Downloadable!] (restricted)
  9. van Doorslaer, Eddy & Wagstaff, Adam & Bleichrodt, Han & Calonge, Samuel & Gerdtham, Ulf-G. & Gerfin, Michael & Geurts, Jose & Gross, Lorna & Hakkinen, Unto & Leu, Robert E., 1997. "Income-related inequalities in health: some international comparisons," Journal of Health Economics, Elsevier, vol. 16(1), pages 93-112, February. [Downloadable!] (restricted)
  10. Hurd, Michael D, 1987. "Savings of the Elderly and Desired Bequests," American Economic Review, American Economic Association, vol. 77(3), pages 298-312, June.
  11. Victor R. Fuchs, 1982. "Time Preference and Health: An Exploratory Study," NBER Chapters, in: Economic Aspects of Health, pages 93-120 National Bureau of Economic Research, Inc. [Downloadable!]
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(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Michaud, P.C. & Soest, A.H.O. van, 2004. "Health and wealth of elderly couples : causality tests using dynamic panel data," Discussion Paper 81, Tilburg University, Center for Economic Research. [Downloadable!]
  2. Tullio Jappelli & Luigi Pistaferri & Guglielmo Weber, 2006. "Health Care Quality, Economic Inequality, and Precautionary Saving," "Marco Fanno" Working Papers 0020, Dipartimento di Scienze Economiche "Marco Fanno". [Downloadable!]
    Other versions:
  3. Heiss, Florian & Börsch-Supan, Axel & Hurd, Michael & Wise, David, 2006. "Pathways to Disability: Predicting Health Trajectories," Sonderforschungsbereich 504 Publications 07-30, Sonderforschungsbereich 504, Universität Mannheim & Sonderforschungsbereich 504, University of Mannheim. [Downloadable!]
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  4. Tom Van Ourti & Eddy Van Doorslaer & Xander Koolman, 2006. "The Effect of Growth and Inequality in Incomes on Health Inequality: Theory and Empirical Evidence from the European Panel," Tinbergen Institute Discussion Papers 06-108/3, Tinbergen Institute. [Downloadable!]
  5. Michaud, Pierre-Carl & van Soest, Arthur, 2004. "Health and Wealth of Elderly Couples: Causality Tests Using Dynamic Panel Data Models," IZA Discussion Papers 1312, Institute for the Study of Labor (IZA). [Downloadable!]
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  6. Jonathan Crook & Stefan Hochguertel, 2007. "US and European Household Debt and Credit Constraints," Tinbergen Institute Discussion Papers 07-087/3, Tinbergen Institute. [Downloadable!]
  7. Paul Frijters & Aydogan Ulker, 2008. "Robustness in Health Research: Do differences in health measures, techniques, and time frame matter?," NCER Working Paper Series 28, National Centre for Econometric Research. [Downloadable!]
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  8. Tullio Jappelli & Marco Pagano & Marco di Maggio, 2008. "Households’ Indebtedness and Financial Fragility," CSEF Working Papers 208, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy. [Downloadable!]
  9. Keith A. Bender & Steffen Habermalz, 2005. "Are There Differences in the Health-Socioeconomic Status Relationship over the Life Cycle? Evidence from Germany," IZA Discussion Papers 1560, Institute for the Study of Labor (IZA). [Downloadable!]
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  10. Axel Boersch-Supan, 2006. "European Welfare State Regimes and Their Generosity Toward the Elderly," Economics Working Paper Archive wp_479, Levy Economics Institute, The. [Downloadable!]
  11. Tullio Jappelli & Luigi Pistaferri & Guglielmo Weber, 2004. "Health Care Quality and Economic Inequality," CSEF Working Papers 120, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy. [Downloadable!]
    Other versions:
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