This paper uses some unique data derived from the Panel Survey of Income Dynamics that has followed groups of siblings and their parents for as long as thirty years. Throughout that period, information on education, income, wealth, and health were collected mostly prospectively on all parties. Most important, following siblings from the same family offers a very unique opportunity to control for unmeasured family and other background effects common to children raised in the same family. Using this data, I present estimates that indicate that health conditions during childhood have quantitatively large impacts on virtually all the key adult indicators of socioeconomic status that are used by economists.
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Paper provided by EconWPA in its series Labor and Demography with number
0511001.
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