Halliday, Timothy J. - Department of Economics, University of Hawaii-Manoa - 2007
We investigate the impact of exogenous income shocks on health using twenty years of data from the Panel Study of … Income Dynamics. To unravel the impact of income on health from unobserved heterogeneity and reverse causality, we employ … gradient, we find that, on average, adverse income shocks lead to a deterioration of health. These effects are most pronounced …