Healthy, Wealthy, and Wise? Tests for Direct Causal Paths (2001)
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| Venue: | Journal of Econometrics |
| Citations: | 19 - 2 self |
BibTeX
@ARTICLE{Hurd01healthy,wealthy,,
author = {Michael D. Hurd and Rand Corporation and Angela Merrill Mathematica and Peter Adams and Michael Hurd and Daniel Mcfadden and Angela Merrill and Tiago Ribeiro},
title = {Healthy, Wealthy, and Wise? Tests for Direct Causal Paths},
journal = {Journal of Econometrics},
year = {2001},
volume = {112},
pages = {3--56}
}
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Abstract
This paper utilizes the Asset and Health Dynamics of the Oldest Old (AHEAD) Panel to test for the absence of causal links from socio-economic status (SES) to health innovations and mortality, and from health conditions to innovations in wealth. We conclude that there is no direct causal link from SES to mortality or to incidence of most sudden onset health conditions (accidents and some acute conditions), but there is an association of SES with incidence of gradual onset health conditions (mental conditions, and some degenerative and chronic conditions), due either to causal links or to persistent unobserved behavioral or genetic factors that have a common influence on both SES and innovations in health. We conclude that there is no direct causal link from health status to innovations in wealth.
