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Mortality and Immortality

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Author Info

  • Rablen, Matthew D.
  • Oswald, Andrew J.

    (University of Warwick)

Abstract

It has been known for centuries that the rich and famous have longer lives than the poor and ordinary. Causality, however, remains trenchantly debated. The ideal experiment would be one in which status and money could somehow be dropped upon a sub-sample of individuals while those in a control group received neither. This paper attempts to formulate a test in that spirit. It collects 19th-century birth data on science Nobel Prize winners and nominees. Using a variety of corrections for potential biases, the paper concludes that winning the Nobel Prize, rather than merely being nominated, is associated with between 1 and 2 years of extra longevity. Greater wealth, as measured by the real value of the Prize, does not seem to affect lifespan.

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File URL: http://www2.warwick.ac.uk/fac/soc/economics/research/workingpapers/2008/twerp_785.pdf
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Bibliographic Info

Paper provided by University of Warwick, Department of Economics in its series The Warwick Economics Research Paper Series (TWERPS) with number 785.

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Length: 32 pages
Date of creation: 2007
Date of revision:
Handle: RePEc:wrk:warwec:785

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Keywords: Longevity ; status ; health ; wealth ; mortality;

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References

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  1. David M. Cutler & Angus S. Deaton & Adriana Lleras-Muney, 2006. "The Determinants of Mortality," NBER Working Papers 11963, National Bureau of Economic Research, Inc.
  2. Frijters, Paul & Haisken-DeNew, John P. & Shields, Michael A., 2005. "Socio-Economic Status, Health Shocks, Life Satisfaction and Mortality: Evidence from an Increasing Mixed Proportional Hazard Model," IZA Discussion Papers 1488, Institute for the Study of Labor (IZA).
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  8. Bruno S. Frey, 2005. "Knight Fever: Towards an Economics of Awards," CREMA Working Paper Series 2005-12, Center for Research in Economics, Management and the Arts (CREMA).
  9. Paul Frijters, 2005. "The causal effect of income on health: Evidence from German reunification," Paul Frijters Discussion Papers 2005-2, School of Economics and Finance, Queensland University of Technology.
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  12. Stephen E. Snyder & William N. Evans, 2006. "The Effect of Income on Mortality: Evidence from the Social Security Notch," The Review of Economics and Statistics, MIT Press, vol. 88(3), pages 482-495, August.
  13. MatthewD. Rablen, 2008. "Relativity, Rank and the Utility of Income," Economic Journal, Royal Economic Society, vol. 118(528), pages 801-821, 04.
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  15. Fershtman, C. & Murphy, K.M., 1993. "Social Status, Education and Growth," Papers 8-93, Tel Aviv.
  16. Gary S. Becker & Kevin M. Murphy & Ivan Werning, 2005. "The Equilibrium Distribution of Income and the Market for Status," Journal of Political Economy, University of Chicago Press, vol. 113(2), pages 282-310, April.
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Citations

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. The Economics of Nobel Laureates
    by UDADISI in UDADISI on 2012-10-18 22:10:00
  2. Longevity, success and friendship
    by chris dillow in Stumbling and Mumbling on 2008-04-11 08:42:07
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
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Cited by:
  1. Rainer Winkelmann, 2011. "Conspicuous consumption and satisfaction," ECON - Working Papers 030, Department of Economics - University of Zurich.
  2. Salm, Martin, 2007. "The Effect of Pensions on Longevity: Evidence from Union Army Veterans," IZA Discussion Papers 2668, Institute for the Study of Labor (IZA).
  3. Karol Jan BOROWIECKI & Georgios KAVETSOS, 2011. "Does Competition Kill? The Case of Classical Composers," Trinity Economics Papers tep1111, Trinity College Dublin, Department of Economics.
  4. Jacques Poot, 2007. "Demographic Change and Regional Competitiveness: The Effects of Immigration and Ageing," Population Studies Centre Discussion Papers dp-64, University of Waikato, Population Studies Centre.
  5. Rablen, Matthew D. & Oswald, Andrew J., 2008. "Mortality and immortality: The Nobel Prize as an experiment into the effect of status upon longevity," Journal of Health Economics, Elsevier, vol. 27(6), pages 1462-1471, December.
  6. Bruno S. Frey & Susanne Neckermann, 2008. "Awards in Economics - Towards a New Field of Inquiry," CREMA Working Paper Series 2008-33, Center for Research in Economics, Management and the Arts (CREMA).
  7. Jörg Schläpfer & Matthias Krapf, 2012. "How Nobel Laureates Would Perform in the Handelsblatt Ranking," KOF Working papers 12-318, KOF Swiss Economic Institute, ETH Zurich.
  8. Boyce, Christopher J. & Oswald, Andrew J., 2008. "Do People Become Healthier after Being Promoted?," IZA Discussion Papers 3894, Institute for the Study of Labor (IZA).
  9. Baffes, John & Vamvakidis, Athanasios, 2011. "Are you too young for the Nobel Prize?," Research Policy, Elsevier, vol. 40(10), pages 1345-1353.
  10. Anna Aizer & Laura Stroud & Stephen Buka, 2012. "Maternal Stress and Child Outcomes: Evidence from Siblings," NBER Working Papers 18422, National Bureau of Economic Research, Inc.
  11. Philipp Koellinger & Matthijs Loos & Patrick Groenen & A. Thurik & Fernando Rivadeneira & Frank Rooij & André Uitterlinden & Albert Hofman, 2010. "Genome-wide association studies in economics and entrepreneurship research: promises and limitations," Small Business Economics, Springer, vol. 35(1), pages 1-18, July.

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