Descripción del título
"Healthy, wealthy and wise?...
Much has been said about the stylized fact that the economically successful are not only wealthier but also healthier than the less affluent. There is little doubt about the existence of this socio-economic gradient in health, but there remains a vivid debate about its source. In this paper, we review the methodological challenges involved in testing the causal relationships between socio-economic status and health. We describe the approach of testing for the absence of causal channels developed by Adams et al. (2003) that seeks identification without the need to isolate exogenous variation in economic variables, and we repeat their analysis using the full range of data that have become available in the Health and Retirement Study since, both in terms of observations years and age ranges covered. This analysis shows that causal inference critically depends on which time periods are used for estimation. Using the information of longer panels has the greatest effect on results. We find that SES causality cannot be ruled out for a larger number of health conditions than in the original study. An approach based on a reduced-form interpretation of causality thus is not very informative, at least as long as the confounding influence of hidden common factors is not fully controlled
Monografía
monografia Rebiun36624596 https://catalogo.rebiun.org/rebiun/record/Rebiun36624596 m o d cr ||||||||||| 110808s2011 maua ob 000 0 eng d UAO ocn745914326 OUN eng pn OUN GZM OUN OCLCQ OCLCO OCLCQ FIE OCLCF WYU YOU MERER OCLCQ EYM OCLCO NBERS OCLCA OCLCQ OCLCO OCLCL OCLCQ OCLCL n-us--- 330 C33 jelc C52 jelc I0 jelc I12 jelc I30 jelc J0 jelc J20 jelc "Healthy, wealthy and wise?" revisited an analysis of the causal pathways from socio-economic status to health Till Stowasser [and others] Cambridge, Mass. National Bureau of Economic Research ©2011 Cambridge, Mass. Cambridge, Mass. National Bureau of Economic Research 1 online resource (36, A12 pages) illustrations 1 online resource (36, A12 pages) Text txt rdacontent computer c rdamedia online resource cr rdacarrier NBER working paper series no. 17273 Includes bibliographical references (pages 34-36) Much has been said about the stylized fact that the economically successful are not only wealthier but also healthier than the less affluent. There is little doubt about the existence of this socio-economic gradient in health, but there remains a vivid debate about its source. In this paper, we review the methodological challenges involved in testing the causal relationships between socio-economic status and health. We describe the approach of testing for the absence of causal channels developed by Adams et al. (2003) that seeks identification without the need to isolate exogenous variation in economic variables, and we repeat their analysis using the full range of data that have become available in the Health and Retirement Study since, both in terms of observations years and age ranges covered. This analysis shows that causal inference critically depends on which time periods are used for estimation. Using the information of longer panels has the greatest effect on results. We find that SES causality cannot be ruled out for a larger number of health conditions than in the original study. An approach based on a reduced-form interpretation of causality thus is not very informative, at least as long as the confounding influence of hidden common factors is not fully controlled Medical economics- United States Wealth- Health aspects- United States Health Status Socioeconomic Factors Économie de la santé- États-Unis Medical economics. General. Health Production. Model Evaluation, Validation, and Selection. Models with Panel Data; Longitudinal Data; Spatial Time. Estados Unidos https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq Stowasser, Till National Bureau of Economic Research Working paper series (National Bureau of Economic Research) no. 17273