Halliday, Timothy J - Department of Economics, University of Hawaii-Manoa - 2005
In this paper, we use longitudinal data on Self-Reported Health Status from the Panel Study of Income Dynamics to … estimate a model of the evolution of health over the life-cycle. The model allows for two sources of persistence in health …: unobserved heterogeneity, which models an individual’s (unobserved) ability to cope with health shocks, and state dependence …