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The channels by which better health leads to higher income, and those by which higher income protects health status …, are of interest to both researchers and policy makers. In general, quantifying the impact of income on health is difficult …, given the simultaneous determination of health and income. In this paper, we quantify the impact on health status of a large …
Persistent link: https://www.econbiz.de/10012470223
There is a large and robust correlation between adult health and education, part of which likely reflects causality … running from education into health. Less clear is whether education obtained later in life is as valuable for health as are … earlier years of schooling, or whether education raises health directly or through income or wealth. In this paper, I examine …
Persistent link: https://www.econbiz.de/10012462874
While economists have posited that health investments increase earnings, isolating the causal effect of health is … earnings and family income. We find few differences in estimated gains by baseline health and occupation characteristics …
Persistent link: https://www.econbiz.de/10012453482
A large literature has documented a significant increase in the difference between the wage of college graduates and high school graduates over the past 30 years. I show that from 1980 to 2000, college graduates have experienced relatively larger increases in cost of living, because they have...
Persistent link: https://www.econbiz.de/10012464279
This paper presents new information on the fraction of adjusted gross income, and of wages and salaries, that is reported by taxpayers in the top one half of one percent of the income distribution. This corresponds to roughly five hundred thousand households in the late 1990s. This paper relies...
Persistent link: https://www.econbiz.de/10012471249
We review research on the dynamics and distribution of individual earnings and family income. We start with univariate earnings models, which dominate the literature and are often used as the exogenous component of family income in structural models of saving. We present a version of the linear...
Persistent link: https://www.econbiz.de/10013210123
This paper examines changes in individual real incomes in South Africa between 1995 and 2000. We document substantial declines--on the order of 40%--in real incomes for both men and women. The brunt of the income decline appears to have been shouldered by the young and the non-white. We argue...
Persistent link: https://www.econbiz.de/10012467299
This paper presents a framework for the quantitative analysis of individual income dynamics, mobility and welfare, with ex-ante identical individuals facing a stochastic income process and market incompleteness implying that they are unable to insure against persistent shocks to income. We show...
Persistent link: https://www.econbiz.de/10012455104
years. This difference persists despite the remarkable progress in health improvement in the last half century, at least … technical progress (some of which is induced by income and facilitated by education) as the ultimate determinant of health. Such … downplay direct causal mechanisms running from income to health …
Persistent link: https://www.econbiz.de/10012466708
How did industrialization in the nineteenth century affect the well-being of children among American working class families? Two revealing surveys from 1890 and 1907 are used to examine the implications of child labor on schooling decisions and on possible offsetting intrafamily transfers, in...
Persistent link: https://www.econbiz.de/10012478408