A longitudinal analysis of the impact of health shocks on the wealth of elders

被引:31
作者
Lee, Jinkook
Kim, Hyungsoo
机构
[1] Ohio State Univ, Columbus, OH 43210 USA
[2] Univ Kentucky, Lexington, KY 40506 USA
关键词
elders; chronic conditions; long-term effect;
D O I
10.1007/s00148-007-0156-5
中图分类号
C921 [人口统计学];
学科分类号
摘要
We investigate the impact of health shocks on wealth, using all four waves of the Health and Retirement Study, and estimate not only the short-term effect but also the long-term effect of health shocks on wealth of the elderly. We find that new health events lower wealth in elders during the period in which such health shocks occur, but the impact tends to disappear over time. We also find that health shocks result in greater wealth depletion when they occur later in life. Together with existing health problems, the overall impact of health problems on wealth increases over time.
引用
收藏
页码:217 / 230
页数:14
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