Health dynamics shape life-cycle incomes.
In: Journal of Health Economics, Jg. 75 (2021), S. N.PAG
academicJournal
Zugriff:
This paper empirically investigates the long-run effects of major health improvements on income growth in the United States. To isolate exogenous changes in health, the econometric model uses quasi-experimental variation in cardiovascular disease mortality across states over time. Based on data for the white population, the results show that there is a causal link between health and income per person, and they provide novel evidence that health dynamics shape life-cycle incomes. Life-cycle income profiles slope more strongly at the beginning and at the end of work life in 2000 than in 1960, indicating that age becomes a more prominent determinant of income dynamics over this period. The channels for this transformation include better health, higher educational attainment, and changing labor supply. [ABSTRACT FROM AUTHOR]
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Health dynamics shape life-cycle incomes.
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Autor/in / Beteiligte Person: | Kotschy, Rainer |
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Zeitschrift: | Journal of Health Economics, Jg. 75 (2021), S. N.PAG |
Veröffentlichung: | 2021 |
Medientyp: | academicJournal |
ISSN: | 0167-6296 (print) |
DOI: | 10.1016/j.jhealeco.2020.102398 |
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