Many studies find that households increase their consumption after the receipt of expected income payments, a result … inconsistent with the life-cycle/permanent income hypothesis. Consumption can increase adverse health events, such as traffic … accidents, heart attacks and strokes. In this paper, we examine the short-term mortality consequences of income receipt. We find …

There is widespread and longstanding agreement that life expectancy and income are positively correlated. However, it … has proven much more difficult to establish a causal relationship since income and health are jointly determined. We use a … major change in the Social Security law as exogenous variation in income to examine the impact of income on mortality in an …