Poor and Sick: Estimating the relationship between Household Income and Health

Athina Economou () and Ioannis Theodossiou

No 2010-121, SIRE Discussion Papers from Scottish Institute for Research in Economics (SIRE)

Abstract: This study evaluates the effect of the individualâ€˜s household income on their health at the later stages of working life. A structural equation model is utilised in order to derive a composite and continuous index of the latent health status from qualitative health status indicators. The endogenous relationship between health status and household income status is taken into account by using IV estimators. The findings reveal a significant effect of individual household income on health before and after endogeneity is taken into account and after a host of other factors which is known to influence health, including hereditary factors and the individualâ€˜s locus of control. Importantly, it is also shown that the childhood socioeconomic position of the individual has long lasting effects on health as it appears to play a significant role in determining health during the later stages of working life.

Keywords: Latent health; Household income; Socioeconomic status; Endogeneity (search for similar items in EconPapers)
Date: 2010
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http://hdl.handle.net/10943/360
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Related works:
Journal Article: POOR AND SICK: ESTIMATING THE RELATIONSHIP BETWEEN HOUSEHOLD INCOME AND HEALTH (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:edn:sirdps:360

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