Bender, Keith A.; Theodossiou, Ioannis - In: Journal of Behavioral and Experimental Economics … 38 (2009) 6, pp. 977-987
Although there is a strong correlation between health and socioeconomic status (SES), the direction of causation is not empirically clear. This study a uses a two stage methodology to control for endogeneity. Using data from the U.S. Health and Retirement Study, the results show that after...