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The Impact Of Ses On Health Over The Life-Course

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  • James P. Smith

Abstract

In this paper I evaluated the new health information that has recently become available in the PSID to assess whether or not it can serve a constructive role in the ongoing SES-health debate. There are two types of information that appear to be promising—the self-reports of general health status that were first introduced in 1984, and the prevalence and incidence of new chronic conditions that were first added in 1999. In this evaluation, I place particular emphasis on the possibility of using the retrospective information on incidence of chronic conditions. The paper also offers several substantive conclusions. First, across the life course SES impacts future health outcomes although the primary culprit appears to be education and not an individual’s financial resources in whatever form they might be received. That conclusion appears to be robust to whether the financial resources are income or wealth or to whether the financial resources represent new information such as the largely unanticipated wealth that was a consequence of the recent stock market boom. Finally, this conclusion appears to be robust across new health outcomes that take place across the short and intermediate time frames of up to fifteen years in the future

Suggested Citation

  • James P. Smith, 2005. "The Impact Of Ses On Health Over The Life-Course," Labor and Demography 0511002, University Library of Munich, Germany.
  • Handle: RePEc:wpa:wuwpla:0511002
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    References listed on IDEAS

    as
    1. Angus Deaton, 2003. "Health, Inequality, and Economic Development," Journal of Economic Literature, American Economic Association, vol. 41(1), pages 113-158, March.
    2. Crossley, Thomas F. & Kennedy, Steven, 2002. "The reliability of self-assessed health status," Journal of Health Economics, Elsevier, vol. 21(4), pages 643-658, July.
    3. repec:pri:cheawb:case_paxson_economic_status_paper is not listed on IDEAS
    4. Bound, John & Brown, Charles & Mathiowetz, Nancy, 2001. "Measurement error in survey data," Handbook of Econometrics, in: J.J. Heckman & E.E. Leamer (ed.), Handbook of Econometrics, edition 1, volume 5, chapter 59, pages 3705-3843, Elsevier.
    5. Anne Case & Darren Lubotsky & Christina Paxson, 2002. "Economic Status and Health in Childhood: The Origins of the Gradient," American Economic Review, American Economic Association, vol. 92(5), pages 1308-1334, December.
    6. repec:pri:cheawb:case_paxson_economic_status_paper.pdf is not listed on IDEAS
    7. James P. Smith & Duncan Thomas, 2003. "Remembrances of things past: test–retest reliability of retrospective migration histories," Journal of the Royal Statistical Society Series A, Royal Statistical Society, vol. 166(1), pages 23-49, February.
    8. Rosemary Hyson & Janet Currie, 1999. "Is the Impact of Health Shocks Cushioned by Socioeconomic Status? The Case of Low Birthweight," American Economic Review, American Economic Association, vol. 89(2), pages 245-250, May.
    9. Peter Adams & Michael D. Hurd & Daniel L. McFadden & Angela Merrill & Tiago Ribeiro, 2004. "Healthy, Wealthy, and Wise? Tests for Direct Causal Paths between Health and Socioeconomic Status," NBER Chapters, in: Perspectives on the Economics of Aging, pages 415-526, National Bureau of Economic Research, Inc.
    10. 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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    Cited by:

    1. David Cutler & Angus Deaton & Adriana Lleras-Muney, 2006. "The Determinants of Mortality," Journal of Economic Perspectives, American Economic Association, vol. 20(3), pages 97-120, Summer.
    2. Alegre, Joaquín & Mateo, Sara & Pou, Llorenç, 2010. "An analysis of households' appraisal of their budget constraints for potential participation in tourism," Tourism Management, Elsevier, vol. 31(1), pages 45-56.
    3. van Kippersluis, Hans & O'Donnell, Owen & van Doorslaer, Eddy & Van Ourti, Tom, 2010. "Socioeconomic differences in health over the life cycle in an Egalitarian country," Social Science & Medicine, Elsevier, vol. 70(3), pages 428-438, February.
    4. Janet Currie & Enrico Moretti, 2007. "Biology as Destiny? Short- and Long-Run Determinants of Intergenerational Transmission of Birth Weight," Journal of Labor Economics, University of Chicago Press, vol. 25, pages 231-264.
    5. Jody Schimmel, 2006. "Men With Health Insurance and the Women Who Love Them: the Effect of a Husband's Retirement on His Wife's Health Insurance Coverage," Working Papers wp131, University of Michigan, Michigan Retirement Research Center.
    6. Hernández-Quevedo, Cristina & Jones, Andrew M. & Rice, Nigel, 2008. "Persistence in health limitations: A European comparative analysis," Journal of Health Economics, Elsevier, vol. 27(6), pages 1472-1488, December.

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