Health, Income and Inequality: Evidence from a Survey of Older Italians
This paper uses the Survey of Health, Ageing and Wealth (SHAW) to study the relationship between health status and economic welfare at individual level. We develop a model to estimate the welfare cost of ill-health: the terminology and the intuition go along the lines of the equivalence scale literature. While in that case the focus is on the welfare cost brought about by the presence of children, we measure the welfare cost of poor health. The crucial variables in this approach are, besides income and health status, the economic decisions of the household which can be directly related to health conditions, such as health-related expenses. By estimating a demand system we derive equivalence scales based also on health expenditures to learn about the cost of health conditions on economic welfare, controlling for other covariates. We show that households characterised by poor health are effectively “poorer” in an economic sense.
Volume (Year): 62 (2003)
Issue (Month): 1 (April)
|Contact details of provider:|| Postal: via Sarfatti, 25 - 20136 Milano (Italy)|
Web page: http://www.gde.unibocconi.it/
|Order Information:|| Web: http://www.gde.unibocconi.it Email: |
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.:
- Anne Case & Darren Lubotsky & Christina Paxson, 2002.
"Economic Status and Health in Childhood: The Origins of the Gradient,"
American Economic Review,
American Economic Association, vol. 92(5), pages 1308-1334, December.
- Anne Case & Darren Lubotsky & Christina Paxson, 2002. "Economic status and health in childhood: the origins of the gradient," Working Papers 262, Princeton University, Woodrow Wilson School of Public and International Affairs, Center for Health and Wellbeing..
- Anne Case & Darren Lubotsky & Christina Paxson, 2001. "Economic Status and Health in Childhood: The Origins of the Gradient," NBER Working Papers 8344, National Bureau of Economic Research, Inc.
- Angus Deaton, 2001.
"Relative deprivation, inequality, and mortality,"
275, Princeton University, Woodrow Wilson School of Public and International Affairs, Center for Health and Wellbeing..
- Deaton,Angus & Muellbauer,John, 1980. "Economics and Consumer Behavior," Cambridge Books, Cambridge University Press, number 9780521296762, May.
- Deaton, Angus S & Muellbauer, John, 1980. "An Almost Ideal Demand System," American Economic Review, American Economic Association, vol. 70(3), pages 312-326, June.
When requesting a correction, please mention this item's handle: RePEc:gde:journl:gde_v62_n1_p35-55. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Erika Somma)
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 references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.