IDEAS home Printed from https://ideas.repec.org/a/eee/socmed/v371y2025ics0277953625002345.html
   My bibliography  Save this article

Changes in marital and health status as risk factors for a subsequent negative wealth shock: A population-based longitudinal study in the United States, 1995–2020

Author

Listed:
  • Cho, Tsai-Chin
  • Yu, Xuexin
  • Adar, Sara D.
  • Choi, HwaJung
  • Langa, Kenneth M.
  • Kobayashi, Lindsay C.

Abstract

A negative wealth shock, defined as a loss of ≥75% in equivalized household total wealth over a short period, may cause adverse health outcomes for older adults. The individual-level risk factors for experiencing a negative wealth shock in later adulthood are unclear.

Suggested Citation

  • Cho, Tsai-Chin & Yu, Xuexin & Adar, Sara D. & Choi, HwaJung & Langa, Kenneth M. & Kobayashi, Lindsay C., 2025. "Changes in marital and health status as risk factors for a subsequent negative wealth shock: A population-based longitudinal study in the United States, 1995–2020," Social Science & Medicine, Elsevier, vol. 371(C).
    • Handle: RePEc:eee:socmed:v:371:y:2025:i:c:s0277953625002345
    DOI: 10.1016/j.socscimed.2025.117905
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0277953625002345
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.socscimed.2025.117905?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Michaud, Pierre-Carl & van Soest, Arthur, 2008. "Health and wealth of elderly couples: Causality tests using dynamic panel data models," Journal of Health Economics, Elsevier, vol. 27(5), pages 1312-1325, September.
    2. Fen Lin & Susan L Brown & Deborah S Carr, 2021. "The Economic Consequences of Gray Divorce for Women and Men [Marriage, marital history, and black-white wealth differentials among older women]," The Journals of Gerontology: Series B, The Gerontological Society of America, vol. 76(10), pages 2073-2085.
    3. Rasmus Hoffmann & Hannes Kröger & Siegfried Geyer, 2019. "Social Causation Versus Health Selection in the Life Course: Does Their Relative Importance Differ by Dimension of SES?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 141(3), pages 1341-1367, February.
    4. Hoffmann, Rasmus & Kröger, Hannes & Pakpahan, Eduwin, 2018. "Pathways between socioeconomic status and health: Does health selection or social causation dominate in Europe?," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 36, pages 23-36.
    5. repec:aph:ajpbhl:10.2105/ajph.2017.303821_6 is not listed on IDEAS
    6. Hoffmann, Rasmus & Kröger, Hannes & Geyer, Siegfried, 2019. "Social Causation Versus Health Selection in the Life Course: Does Their Relative Importance Differ by Dimension of SES?," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 141(3), pages 1341-1367.
    7. Andrew Steptoe & Steptoe Zaninotto, 2020. "Lower socioeconomic status and the acceleration of aging: An outcome-wide analysis," Proceedings of the National Academy of Sciences, Proceedings of the National Academy of Sciences, vol. 117(26), pages 14911-14917, June.
    8. Burnes, D. & Henderson, C.R., Jr. & Sheppard, C. & Zhao, R. & Pillemer, K. & Lachs, M.S., 2017. "Prevalence of financial fraud and scams among older adults in the United States: A systematic review and meta-analysis," American Journal of Public Health, American Public Health Association, vol. 107(8), pages 13-21.
    9. Susan L Brown & I-Fen Lin, 2022. "The Graying of Divorce: A Half Century of Change [Research on divorce: Continuing trends and new developments]," The Journals of Gerontology: Series B, The Gerontological Society of America, vol. 77(9), pages 1710-1720.
    10. Peter Adams & Michael D. Hurd & Daniel L. McFadden & Angela Merrill & Tiago Ribeiro, 2004. "Healthy, Wealthy, and Wise? Tests for Direct Causal Paths between Health and Socioeconomic Status," NBER Chapters, in: Perspectives on the Economics of Aging, pages 415-526, National Bureau of Economic Research, Inc.
    11. Susan L. Brown & I-Fen Lin, 2012. "The Gray Divorce Revolution: Rising Divorce Among Middle-Aged and Older Adults, 1990-2010," The Journals of Gerontology: Series B, The Gerontological Society of America, vol. 67(6), pages 731-741.
    12. Gopi Shah Goda & Jialu Liu Streeter, 2021. "Wealth Trajectories Across Key Milestones: Longitudinal Evidence from Life-Course Transitions," NBER Working Papers 28329, National Bureau of Economic Research, Inc.
    13. Cathleen D. Zick & Karen Holden, 2000. "An Assessment of the Wealth Holdings of Recent Widows," The Journals of Gerontology: Series B, The Gerontological Society of America, vol. 55(2), pages 90-97.
    14. Patryk Babiarz & Richard Widdows & Tansel Yilmazer, 2013. "Borrowing To Cope With Adverse Health Events: Liquidity Constraints, Insurance Coverage, And Unsecured Debt," Health Economics, John Wiley & Sons, Ltd., vol. 22(10), pages 1177-1198, October.
    15. repec:bla:revinw:v:43:y:1997:i:3:p:319-33 is not listed on IDEAS
    16. repec:aph:ajpbhl:10.2105/ajph.2017.303821a_2 is not listed on IDEAS
    17. Linda Waite, 1995. "Does marriage matter?," Demography, Springer;Population Association of America (PAA), vol. 32(4), pages 483-507, November.
    18. Eric French & Elaine Kelly & Mariacristina Nardi & Eric French & John Bailey Jones & Jeremy McCauley, 2016. "Medical Spending of the US Elderly," Fiscal Studies, Institute for Fiscal Studies, vol. 37, pages 717-747, September.
    19. Burnes, D. & Henderson, C.R. & Sheppard, C. & Zhao, R. & Pillemer, K. & Lachs, M.S., 2017. "Prevalence of Financial Fraud and Scams Among Older Adults in the United States: A Systematic Review and Meta-Analysis," American Journal of Public Health, American Public Health Association, vol. 107(8), pages 1295-1295.
    20. Klaas de Vos & M. Asghar Zaidi, 1997. "Equivalence Scale Sensitivity Of Poverty Statistics For The Member States Of The European Community," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 43(3), pages 319-333, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gugushvili, Alexi & Zelinska, Olga & Präg, Patrick & Bulczak, Grzegorz, 2022. "Does perceived social mobility affect health? Evidence from a fixed effects approach," Social Science & Medicine, Elsevier, vol. 294(C).
    2. Julien Hugonnier & Florian Pelgrin & Pascal St‐Amour, 2020. "Closing down the shop: Optimal health and wealth dynamics near the end of life," Health Economics, John Wiley & Sons, Ltd., vol. 29(2), pages 138-153, February.
    3. Bierman, Alex & Upenieks, Laura & Glavin, Paul & Schieman, Scott, 2021. "Accumulation of economic hardship and health during the COVID-19 pandemic: Social causation or selection?," Social Science & Medicine, Elsevier, vol. 275(C).
    4. Léa Cimelli & Carole Bonnet & Anne Solaz, 2024. "Do late-life divorces produce greater gender inequalities? Evidence from administrative data," Working Papers 292, French Institute for Demographic Studies.
    5. Yilmazer, Tansel & Babiarz, Patryk & Liu, Fen, 2015. "The impact of diminished housing wealth on health in the United States: Evidence from the Great Recession," Social Science & Medicine, Elsevier, vol. 130(C), pages 234-241.
    6. Patryk Babiarz & Tansel Yilmazer, 2017. "The impact of adverse health events on consumption: Understanding the mediating effect of income transfers, wealth, and health insurance," Health Economics, John Wiley & Sons, Ltd., vol. 26(12), pages 1743-1758, December.
    7. James Poterba & Steven Venti & David Wise, 2011. "The Composition and Drawdown of Wealth in Retirement," Journal of Economic Perspectives, American Economic Association, vol. 25(4), pages 95-118, Fall.
    8. Newton, Nicky J. & Ryan, Lindsay H. & King, Rachel T. & Smith, Jacqui, 2014. "Cohort differences in the marriage–health relationship for midlife women," Social Science & Medicine, Elsevier, vol. 116(C), pages 64-72.
    9. Odeyemi Gbenga A., 2015. "Understanding the Dynamics between Income and Health: Evidence Form African’s Richest and Poorest Countries," Journal of Public Policy & Governance, Research Academy of Social Sciences, vol. 2(2), pages 56-67.
    10. Johnsen, Julian V. & Willén, Alexander, 2022. "The effect of negative income shocks on pensioners," Labour Economics, Elsevier, vol. 76(C).
    11. Angela Lyons & Hyungsoo Kim, 2007. "No Pain, No Strain: Impact of Health on the Financial Security of Older Americans," NFI Working Papers 2007-WP-12, Indiana State University, Scott College of Business, Networks Financial Institute.
    12. Mariacristina De Nardi & Eric French & John Bailey Jones, 2016. "Savings After Retirement: A Survey," Annual Review of Economics, Annual Reviews, vol. 8(1), pages 177-204, October.
    13. Maria Klonowska-Matynia & Radosław Sobko, 2021. "Spatial Analysis of the Relationship between Health Capital and the Level of Health Care Expenditure in Poland," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 1), pages 133-151.
    14. Woong Lee & Ran Im, 2023. "An Empirical Assessment of the Interactionist Model: The Relationship Between Household Income and Depression Among Retirees in Korea," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 18(2), pages 729-751, April.
    15. Florian Heiss & Axel Börsch-Supan & Michael Hurd & David A. Wise, 2009. "Pathways to Disability: Predicting Health Trajectories," NBER Chapters, in: Health at Older Ages: The Causes and Consequences of Declining Disability among the Elderly, pages 105-150, National Bureau of Economic Research, Inc.
    16. Julien Hugonnier & Florian Pelgrin, 2013. "Health and (Other) Asset Holdings," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 80(2), pages 663-710.
    17. James M. Poterba & Steven F. Venti & David A. Wise, 2014. "The Nexus of Social Security Benefits, Health, and Wealth at Death," NBER Chapters, in: Discoveries in the Economics of Aging, pages 159-182, National Bureau of Economic Research, Inc.
    18. Michaud, Pierre-Carl & Goldman, Dana P. & Lakdawalla, Darius N. & Zheng, Yuhui & Gailey, Adam H., 2012. "The value of medical and pharmaceutical interventions for reducing obesity," Journal of Health Economics, Elsevier, vol. 31(4), pages 630-643.
    19. Oscar Erixson, 2017. "Health responses to a wealth shock: evidence from a Swedish tax reform," Journal of Population Economics, Springer;European Society for Population Economics, vol. 30(4), pages 1281-1336, October.
    20. Nilsson, William, 2006. "Socioeconomic Status and Sickness Absence - What do twins tell us about causality?," Umeå Economic Studies 670, Umeå University, Department of Economics.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:socmed:v:371:y:2025:i:c:s0277953625002345. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/315/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.