Differential mortality in the UK
In this paper we use the two waves of the British Retirement Survey (1988/89 and 1994) to quantify the relationship between socio-economic status and health outcomes. We find that, even after conditioning on the initial health status, wealth rankings are important determinants of mortality and the evolution of the health indicator in the survey. For men aged 65 moving from the 40th percentile to the 60th percentile in the wealth distribution increases the probability of survival by between 2.4 and 3.4 percentage points depending on the measure of wealth used. A slightly smaller effect is found for women of between 1.5 and 1.9 percentage points. In the process of estimating these effects we control for non-random attrition from our sample. British welfare reform debate in recent years. This debate is informed by tax-benefit modelling, yet accurate modelling of Family Credit is fraught with potential problems. The main model input data are found to under-sample Family Credit recipients considerably, but those who it does sample seem representative of the Family Credit recipient population. Substantial mismatch is found between those reporting Family Credit receipt and those modelled as en Titled. We show that regression techniques can be used to adjust model results for the fact of non take-up, but that data constraints leave no obvious way to deal with the equally significant problem of famlies who receive benefit but are not modelled as en titled. The difficulties posed by the input data's under-sampling and by the significant number of claimants without modelled en Titlement lead us finally to consider the use (and the limitations) of calibrating results.
|Date of creation:||01 Jun 2001|
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- James Banks & Richard Blundell & James P. Smith, 2000. "Wealth inequality in the United States and Great Britain," IFS Working Papers W00/20, Institute for Fiscal Studies.
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"Predictors of Mortality among the Elderly,"
in: Themes in the Economics of Aging, pages 171-198
National Bureau of Economic Research, Inc.
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NBER Working Papers
5126, National Bureau of Economic Research, Inc.
- O. Attanasio & H. W. Hoynes, . "Differential mortality and wealth accumulation," Institute for Research on Poverty Discussion Papers 1079-96, University of Wisconsin Institute for Research on Poverty.
- James P. Smith, 1999. "Healthy Bodies and Thick Wallets: The Dual Relation between Health and Economic Status," Journal of Economic Perspectives, American Economic Association, vol. 13(2), pages 145-166, Spring.
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