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Economic Resources, Mortality and Inequality

Author

Listed:
  • Orazio P. Attanasio

    (University College London, Department of Economics, Institute for Fiscal Studies and NBER)

  • Torben Heien Nielsen

    (CEBI, Department of Economics, University of Copenhagen)

Abstract

Using full-population register data from Denmark, this study shows that estimates of the economic gradient in mortality depends on the specific measure of economic resources used, where we investigate permanent income, annual income or financial and housing wealth. Our favorite measure is what we call �Permanent income�, that is the average level of income over a long interval. We find that when using annual income or current wealth, the gradient is overestimated, unless one controls for a number of additional variables, such as education, civil status and initial health. In the last part of the paper, we compare the results from Denmark to results from the UK. Although the countries are very different in terms of inequality, the estimates of the gradient we find are very similar, suggesting that differential levels of resources (including information), rather than inequality itself, determine the gradient in survival and mortality.

Suggested Citation

  • Orazio P. Attanasio & Torben Heien Nielsen, 2020. "Economic Resources, Mortality and Inequality," CEBI working paper series 20-06, University of Copenhagen. Department of Economics. The Center for Economic Behavior and Inequality (CEBI).
  • Handle: RePEc:kud:kucebi:2006
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    File URL: https://www.econ.ku.dk/cebi/publikationer/working-papers/CEBI_WP_06-20.pdf
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    More about this item

    Keywords

    Mortality; Permanent Income; Economic resources and Inequality;
    All these keywords.

    JEL classification:

    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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