Health Inequality over the Life-Cycle

Timothy Halliday

No 201108, Working Papers from University of Hawaii at Manoa, Department of Economics

Abstract: We consider the covariance structure of health. Agents report their health status on the basis of a latent health stock that is determined by permanent and transitory shocks, and time invariant fixed effects. At age 25, permanent shocks account for 5% to 10% of the variation in health. At age 60, this percentage rise to between 60% and 80%. We document a gradient in which permanent shocks matter less for college-educated people and for women.

Keywords: health; dynamic panel data models; variance decomposition (search for similar items in EconPapers)
JEL-codes: C5 I1 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2011-06-20
New Economics Papers: this item is included in nep-age and nep-hea
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Citations: View citations in EconPapers (8)

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http://www.economics.hawaii.edu/research/workingpapers/WP_11-8.pdf First version, 2011 (application/pdf)

Related works:
Journal Article: Health Inequality over the Life-Cycle (2011)
Working Paper: Health Inequality over the Life-Cycle (2011)
Working Paper: Health Inequality over the Life-Cycle (2009)
Working Paper: Health Inequality over the Life-Cycle (2009)
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