A Longitudinal Analysis of the impact of Health Shocks on the wealth: Evidence from England

Sana Tabassum () and Ashok Thomas ()
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Sana Tabassum: Indian Institute of Management Kozhikode
Ashok Thomas: Indian Institute of Management Kozhikode

No 371, Working papers from Indian Institute of Management Kozhikode

Abstract: This paper investigates the impact of health shocks on wealth using four waves of data from English longitudinal Study of Ageing (ELSA). We investigate short, medium and long term impact of existing and new health conditions on the wealth of the elderly. The results reveal that onset of new health events lead to wealth depletion during the period in which they occur and the impact disappears over time. The impact of existing health conditions in maximum in short and medium term and declines in the long run.

Keywords: Health shocks; Wealth analysis (search for similar items in EconPapers)
Pages: 19 pages
Date: 2020-03
New Economics Papers: this item is included in nep-age and nep-hea
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