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Health dynamics shape life-cycle incomes.
- Source :
-
Journal of Health Economics . Jan2021, Vol. 75, pN.PAG-N.PAG. 1p. - Publication Year :
- 2021
-
Abstract
- 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]
- Subjects :
- *LABOR supply
*INCOME
*GENDER
*ECONOMETRIC models
*RESEARCH
*RESEARCH methodology
*MEDICAL cooperation
*EVALUATION research
*SOCIOECONOMIC factors
*ECONOMICS
*COMPARATIVE studies
*EMPLOYMENT
*FERTILITY
*RESEARCH funding
*DEMOGRAPHY
*EDUCATIONAL attainment
CARDIOVASCULAR disease related mortality
Subjects
Details
- Language :
- English
- ISSN :
- 01676296
- Volume :
- 75
- Database :
- Academic Search Index
- Journal :
- Journal of Health Economics
- Publication Type :
- Academic Journal
- Accession number :
- 148203850
- Full Text :
- https://doi.org/10.1016/j.jhealeco.2020.102398