A Fresh Look at the Health-Wealth Correlation: A Case Study of European Countries

Shoshana Neuman (), Tzahi Neuman and Teresa García-Muñoz ()

No 52, Discussion Papers from Central European Labour Studies Institute (CELSI)

Abstract: This paper contributes to the development-health literature by studying the correlation between development measures (see below) and health measures - one subjective ('self-assessed-health-status'), and the other one objective (the individual's 'number of chronic diseases'). Correlations are examined for 29 European countries, using the SHARE data set, and country-level development measures. Specifically, we examine whether country fixed-effects in regressions of health measures, controlling for individual socio-demographic variables, are significantly correlated with country development variables, which include: logarithm of per-capita GDP; the Human Development Index; the Social Progress Index; life expectancy; percentage of GDP spent on health; and the novel measure expressed by the Environmental Health Index. The novelty of our study is the introduction of a channel for the significant health-wealth correlation, speculating that the driving forces are psychological.

Keywords: development; self-assessed-health-status; diseases; environmental hazards; psychological motives; SHARE; Europe (search for similar items in EconPapers)
JEL-codes: I1 I15 (search for similar items in EconPapers)
Date: 2019-10-07
New Economics Papers: this item is included in nep-eur and nep-hea
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://celsi.sk/media/discussion_papers/DP52_A9cNKYY.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cel:dpaper:52

Access Statistics for this paper

More papers in Discussion Papers from Central European Labour Studies Institute (CELSI) Contact information at EDIRC.
Bibliographic data for series maintained by Martin Kahanec ().