Most research on the relationship between health and socioeconomic status (SES) controls for changing age or investigates the relationship for a particular age range. This paper, however, examines changes in the relationship across ages, as well as controls for potential endogeneity in the health-SES relationship. Using data from German Socio Economic Panel, we find that the health-SES relationship does vary across the life cycle and that endogeneity is an important influence on the relationship. We also find tentative evidence that universal access to health care reduces the impact of income on self-reported health satisfaction.
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Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number
1560.
Find related papers by JEL classification: I0 - Health, Education, and Welfare - - General I12 - Health, Education, and Welfare - - Health - - - Health Production J0 - Labor and Demographic Economics - - General J60 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - General C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: General - - - Estimation
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Jonathan Meer & Douglas L. Miller & Harvey S. Rosen, 2003.
"Exploring the Health-Wealth Nexus,"
NBER Working Papers
9554, National Bureau of Economic Research, Inc.
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Clark, Andrew E & Oswald, Andrew J, 1994.
"Unhappiness and Unemployment,"
Economic Journal,
Royal Economic Society, vol. 104(424), pages 648-59, May.
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