Consequences and Predictors of New Health Events
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.
|Date of creation:||Nov 2003|
|Date of revision:|
|Publication status:||published as Consequences and Predictors of New Health Events , James Smith. in Analyses in the Economics of Aging , Wise. 2005|
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- James P. Smith, 2004. "Why is Wealth Inequality Rising?," Macroeconomics 0402012, EconWPA.
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in: Perspectives on the Economics of Aging, pages 415-526
National Bureau of Economic Research, Inc.
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97-06, RAND - Reprint Series.
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NBER Working Papers
8344, National Bureau of Economic Research, Inc.
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209, Princeton University, Woodrow Wilson School of Public and International Affairs, Research Program in Development Studies..
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- Dana P. Goldman & James P. Smith, 2004. "Can Patient Self-Management Help Explain the SES Health Gradient?," HEW 0403004, EconWPA.
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