NDLI: Health and wealth of elderly couples causality tests using dynamic panel data models

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Health and wealth of elderly couples causality tests using dynamic panel data models

Content Provider	Library of Congress - Books/Printed Material
Author	Michaud, Pierre-Carl. Soest, Arthur van
Spatial Coverage	United States
Temporal Coverage	2004
Abstract	"A positive relationship between socio-economic status (SES) and health, the so-called "health-wealth gradient", is repeatedly found in most industrialized countries with similar levels of health care technology and economic welfare. This study analyzes causality from health to wealth (health causation) and from wealth to health (wealth or social causation) for elderly couples in the US. Using six biennial waves of couples aged 51-61 in 1992 from the Health and Retirement Study, we compare the recently developed strategy using Granger causality tests of Adams et al. (2003, Journal of Econometrics) with tests for causality in dynamic panel data models incorporating unobserved heterogeneity. While Adams et al. tests reject the hypothesis of no causality from wealth to husband's or wife's health, the tests in the dynamic panel data model do not provide evidence of wealth-health causality. On the other hand, both methodologies lead to strong evidence of causal effects from both spouses' health on household wealth"--Forschungsinstitut zur Zukunft der Arbeit web site.
Language	English
Publisher	IZA,
Publisher Place	Bonn, Germany
Part of Series	Catalog
Requires	HTML5 supported browser
Access Restriction	Open
Subject Keyword	Economic Conditions Health and Hygiene Married People Married People United States Older People Older People United States United States
Subject Domain (in LCSH)	Married people--Health and hygiene--United States
Subject Domain (in LCSH)	Married people United States--Economic conditions
Subject Domain (in LCSH)	Older people--Health and hygiene--United States
Subject Domain (in LCSH)	Older people United States--Economic conditions
Subject Domain (in LCC)	HD5701
Content Type	Text
Resource Type	Book

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