Income Volatility and Health

Timothy Halliday

No 3234, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: We investigate the impact of exogenous income fluctuations on health using twenty years of data from the Panel Study of Income Dynamics using techniques from the literature on the estimation of dynamic panel data models. Contrary to much of the previous literature on health and socio-economic status, we find that, on average, adverse income shocks lead to a deterioration of health. These effects are most pronounced for working-aged men and are dominated by transitions into the very bottom of the earnings distribution.

Keywords: dynamic panel data models; health; gradient; recessions (search for similar items in EconPapers)
JEL-codes: I0 I12 J1 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2007-12
New Economics Papers: this item is included in nep-hea
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Citations: View citations in EconPapers (11)

Published - substantially revised version published as IZA DP No. 6367 , February 2012

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Working Paper: Income Volatility and Health (2007)
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