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Health Inequality over the Life-Cycle

  • Timothy Halliday

    ()

    (Department of Economics, University of Hawaii at Manoa)

We consider the covariance structure of health. Agents report their health status on the basis of a latent health stock that is determined by permanent and transitory shocks, and time invariant fixed effects. At age 25, permanent shocks account for 5% to 10% of the variation in health. At age 60, this percentage rise to between 60% and 80%. We document a gradient in which permanent shocks matter less for college-educated people and for women.

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File URL: http://www.economics.hawaii.edu/research/workingpapers/WP_11-8.pdf
File Function: First version, 2011
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Paper provided by University of Hawaii at Manoa, Department of Economics in its series Working Papers with number 201108.

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Length: 34 pages
Date of creation: 20 Jun 2011
Date of revision:
Handle: RePEc:hai:wpaper:201108
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