Chapter

Healthy, Wealthy, and Wise?: Tests for Direct Causal Paths between Health and Socioeconomic Status

Peter Adams, Michael D. Hurd, Daniel Mcfadden, Angela Merrill and Tiago Ribeir

in Perspectives on the Economics of Aging

Published by University of Chicago Press

Published in print July 2004 | ISBN: 9780226903057
Published online February 2013 | e-ISBN: 9780226903286 | DOI: http://dx.doi.org/10.7208/chicago/9780226903286.003.0012
Healthy, Wealthy, and Wise?: Tests for Direct Causal Paths between Health and Socioeconomic Status

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This chapter consists of four components. The first is the paper Healthy, Wealthy and Wise? Tests for Direct Causal Paths between Health and Socioeconomic Status by Peter Adams, Michael D. Hurd, Daniel McFadden, Angela Merrill, and Tiago Ribeiro, which originally was presented at the conference and then appeared in the Journal of Econometrics. The second is a new addendum that describes updates in data and analysis since its publication. The third includes additional appendix tables, while the fourth refers to the authors' response to comments on the paper. The links between health, wealth, and education have been studied in a number of populations, with the general finding that higher socioeconomic status is associated with better health and longer life. The chapter tests for the absence of direct causal links in an elderly population by examining whether innovations in health and wealth in a panel are influenced by features of the historical state.

Keywords: Peter Adams; Michael D. Hurd; Daniel McFadden; Angela Merrill; health; wealth; education; socioeconomic status; elderly population

Chapter.  40624 words.  Illustrated.

Subjects: Economics

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