The Journal of Human Resources. Copyright 2003.38(2). 386–415. Reprinted by permission of The University of Wisconsin in Press.
Support from the National Institute on Aging is gratefully acknowledged. Many thanks to Megan Beckett for helping us access the literature, and to two anonymous referees and the editor for very helpful comments.
Michael D. Hurd is Senior Economist, RAND, Santa Monica, California. His E-mail address is mhurd@rand.org.
Arie Kapteyn is Senior Economist, RAND, Santa Monica, California. His E-mail address is kapteyn@rand.org.
The data used in this article can be obtained beginning November 2003 through October 2006 from ARie Kapteyn, RAND, 1700 Main Street, PO Box 2138, Santa Monica, Ca 90407-2138.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Adams, Peter., Hurd, Michael D., McFadden, Daniel., Merrill, Angela., & Ribeiro, Tiago (2003). Healthy, Wealthy and Wise? Tests for Direct Causal Paths between Health and Socioeconomic Status. Journal of Econometrics, 112: 3–56.
Alessie, Robert., Lusardi Annamaria, & Aldershof, Trea. (1997). Income and Wealth over the Life Cycle: Evidence from Panel Data. The Review of Income and Wealth, 43: 1–32.
Alessie, Robert., & Kapteyn, Arie. (1999a). Savings, Pensions and Portfolio Choice in The Netherlands. Free University Amsterdam.
Alessie, Robert., Lusardi, Annamaria, & Kapteyn, Arie. (1999b). Saving after Retirement: Evidence from Three Different Surveys. Labour Economics 6: 277–310.
Avery, Robert. B., Elliehausen, Gregory E., & Kennickell, Arthur B. (1988). Measuring Wealth with Survey Data: An Evaluation of the 1983 Survey of Consumer Finances. The Review of Income and Wealth 34: 339–369.
Avery, Robert, & Kennickell, Arthur. (1991). Household Saving in the US. Review of Income and Wealth 37: 409–432.
Berkman, Lisa F. (1988). The Changing and Heterogeneous Nature of Aging and Longevity: A Social and Biomedical Perspective. In George L. Maddox & M. Powell Lawton (Eds.) Annual Review of Gerontology and Geriatrics, 8, (pp. 37–68).
Boffetta, Paolo, & Garfinkel, Lawrence. (1990). Alcohol Drinking and Mortality among Men Enrolled in an America Cancer Society Prospective Study. Epidemiology 1(5): 343–48.
Camphuis, Herman. (1993). Checking, Editing and Imputation of Wealth Data of the Netherlands Socio-Economic Panel for the period 87–89. VSB Progress Report n. 10, CentER, the Netherlands: Tilburg University.
Davies, James. (1979). On the Size Distribution of Wealth in Canada. Review of Income and Wealth 25: 237–259.
Feinstein, Jonathan. (1993). The Relationship between Socioeconomic Status and Health: A Review of the Literature. The Milbank Quarterly 71(2): 279–322.
Finch, Brian K., Hummer, Robert A., Reindl, Maureen, & Vega, William A. (2002). The Validity of Self-Rated Health among Latino(a)s. Berkeley: School of Public Health, University of California, Mimeo.
Fuchs, Victor R.(1982). Time Preference and Health: an Exploratory Study. In Economic Aspects of Health. Chicago: University of Chicago Press.
Goldman, Noreen. (2001). Social Inequalities in Health: Disentangling the Underlying Mechanisms. In Maxine Weinstein, Albert I. Hermalin, & Michael A. Stoto, (Eds.), Population Health and Aging — Strengthening the Dialogue Between Epidemiology and Demography. Annals of the New York Academy of Sciences. 954: 118–139.
Grossman, Michael. (1972). The Demand for Health-Atheoretical and Empirical Investigation. New York: National Bureau of Economic Research.
Hill, Daniel H., & Mathiowetz, Nancy A. (1998). The Empirical Validity of the HRS Medical Expenditure Data: A Model to Account for Different Reference Periods. Ann Arbor: HRS Working Paper Series.
Hurd, Michael D. (1987). Saving of the elderly and desired bequests. American Economic Review 77: 289–312.
Hurd, Michael D. (1989). Mortality risks and bequests. Econometrica 57: 779–813.
Hurd, Michael D. (1998). Mortality risk and consumption by couples. Santa Monica: RAND Working Paper DRU-2061.
Hurd, Michael D., & McGarry, Kathleen. (1995). Evaluation of the Subjective Probabilities of Survival in the HRS. Journal of Human Resources 30: S268–S292.
Hurst, Erik., Ming Ching Luoh, & Stafford, Frank P. (1998). Wealth Dynamics of American Families: 1984–1994. Brookings Papers on Economic Activity 1: 267–337.
Juster, F. Thomas & Suzman, Richard M. (1995). An Overview of the Health and Retirement Study. Journal of Human Resources 30 (supplement): S7–S56.
Kitagawa, Evelyn M., & Hauser, Philip M. (1973). Differential Mortality in the United States: A Study in Socioeconomic Epidemiology. Cambridge, Mass.: Harvard University Press.
Marmot, Michael G., Smith, George Davey., Stansfeld, Stephen., Patel, Chandra., North, Fiona., Head, J., White, Ian., Brunner, Eric & Feeny, Amanda. (1991). Health Inequalities among British Civil Servants: The Whitehall II Study. Lancet, June 8, 1387–93.
McClellan, Mark. (1998). Health Events, Health Insurance and Labor Supply: Evidence from the Health and Retirement Survey. In David Wise (Ed.), Frontiers in the Economics of Aging (pp. 301–346). Chicago: University of Chicago Press.
Robert, Stephanie & House, James. (1994). Socioeconomic Status and Health Over the Life Course. In Ronald P. Abeles, Helen C. Gift & Marcia G Ory, (Eds.), Social Structures, Quality of Life, and Aging, (pp. 253–274). New York: Springer Publishing Company.
Robert, Stephanie & House, James. (2000). Socioeconomic Inequalities in Health: Integrating Individual-, Community-, and Societal-Level Theory and Research. In Gary Albrecht, Ray Fitzpatrick and Susan Scrimshaw, (Eds.), Handbook of Social Studies in Health and Medicine, (pp. 115–135). London: Sage Publications.
Shaper, A. G. (1990). Alcohol and Mortality: A Review of Prospective Studies. British Journal of Addiction 85: 837–47.
Smith, James P. (1999). Healthy Bodies and Thick Wallets: The Dual Relationship between Health and Economic Status. Journal of Economic Perspectives 13: 145–166.
Van Doorslaer, Eddy., Wagstaff, Adam., Bleichrodt, Han., Calonge, Samuel., Gerdtham, Ulf G.G., Gerfin, Michael., Geurts, José., Gross, Lorna., Häkkinen, Unto., Leu, Robert E., O’Donnell, Owen., Propper, Carol., Puffer, Frank., Rodriguez, Marisol., Sundberg, Gun., & Winkelhake, Olaf. (1997). Income-related inequalities in health: some international comparisons. Journal of Health Economics 16: 93–112.
Wilkinson, Richard G. (1999). Health, Hierarchy, and Social Anxiety. In Nancy E. Adler, Michael Marmot, Bruce S. McEwen, & Judith Stewart, (Eds.) Socioeconomic Status and Health in Industrial Nations, Annals of the New York Academy of Sciences, 896: 48–63.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2005 Springer
About this chapter
Cite this chapter
Hurd, M., Kapteyn, A. (2005). Health, Wealth, and the Role of Institutions. In: De Gijsel, P., Schenk, H. (eds) Multidisciplinary Economics. Springer, Boston, MA. https://doi.org/10.1007/0-387-26259-8_28
Download citation
DOI: https://doi.org/10.1007/0-387-26259-8_28
Publisher Name: Springer, Boston, MA
Print ISBN: 978-0-387-26258-1
Online ISBN: 978-0-387-26259-8
eBook Packages: Business and EconomicsEconomics and Finance (R0)