Be Wealthy to Stay Healthy: An Analysis of Older Australians Using the HILDA Survey
Using the Household, Income and Labour Dynamics in Australia (HILDA) survey data, this study examines the effect of wealth, as measured by net worth, on health transitions of older Australians. By focusing on health transitions instead of health status itself, the study avoids potential endogeneity of wealth arising from the reverse effect of health on wealth. Two health indicators are used to define health transitions: self-reported general health status and the existence of long-term health conditions. The results show that for both health indicators wealthy people are less likely to experience a transition from good to poor health, suggesting that wealth might have a causal effect on health.
|Date of creation:||May 2008|
|Date of revision:|
|Contact details of provider:|| Postal: Melbourne Institute of Applied Economic and Social Research, The University of Melbourne, Victoria 3010 Australia|
Phone: +61 3 8344 2100
Fax: +61 3 8344 2111
Web page: http://www.melbourneinstitute.com/
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