Consequences and Predictors of New Health Events
In: Analyses in the Economics of Aging
Smith uses the HRS and AHEAD panels to examine the consequences of new health on a series of SES related outcomes- out-of-pocket labor supply, labor force activity, household income and wealth. For each of these outcomes, new severe health events have a significant effect although most of the impact on income and wealth takes place through labor supply and not not medical expenses. The paper also examines the ability of different measures of SES to predict the future onset of disease. The author finds no predictive effect of income or wealth but education does predict future onset even after controlling for current health status. The reasons for this continuing predictive effect of education are explored in the paper.
(This abstract was borrowed from another version of this item.)
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- James Smith & Raynard Kington, 1997.
"Demographic and economic correlates of health in old age,"
Springer;Population Association of America (PAA), vol. 34(1), pages 159-170, February.
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- repec:pri:cheawb:case_paxson_economic_status_paper is not listed on IDEAS
- 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.
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- repec:pri:cheawb:case_paxson_economic_status_paper.pdf is not listed on IDEAS Full references (including those not matched with items on IDEAS)
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