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Growth in Earnings and Health: Nothing is as Practical as a Good Theory: A Note on Earnings Growth and Movements in Self-Reported Health by Halliday

Version 2 2024-06-06, 03:35
Version 1 2022-12-09, 00:40
journal contribution
posted on 2022-12-09, 00:40 authored by D Avdic, M Karlsson
We discuss some issues associated with the empirical analysis of the relationship between socioeconomic status and health. We point out that, in addition to elaborate empirical modeling and good data, a conceptual framework is helpful both for making sense of one's own results and for the purpose of reconciling results across studies. We find that when we align the empirical specification with the Grossman model, a negative effect of income on health emerges. Even though this unexpected finding can be rationalized, we think that some caution regarding standard dynamic panel data techniques is warranted in this context.

History

Journal

Review of Income and Wealth

Volume

63

Pagination

777-787

ISSN

0034-6586

eISSN

1475-4991

Language

en

Issue

4

Publisher

Wiley