Causal effect of income on health: Investigating two closely related policy reforms in Austria

Mario Schnalzenberger ()

No 2011-06, NRN working papers from The Austrian Center for Labor Economics and the Analysis of the Welfare State, Johannes Kepler University Linz, Austria

Abstract: I investigate the effect of income on mortality of the pensioners, comparing three subsequent policy periods in Austria. The pensioners who retired in the second period received 25% lower pension than those in the first period. This reduction in income was removed in the third policy period. These two reforms allow a causal identification of the effect of income on health. I estimate that lower pension did not change the mortality rate. The results are confirmed using both experiments and different methods of estimation. Furthermore, with regard to the expenditure on health services, I get that only prescribed drug consumption increased, with the remaining analyzed factors being unaffected.

Keywords: Income; Mortality; Health; Expenditure (search for similar items in EconPapers)
JEL-codes: H55 I12 J14 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2011-07
New Economics Papers: this item is included in nep-hea
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Citations: View citations in EconPapers (6)

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Related works:
Journal Article: Causal effect of income on health: Investigating two closely related policy reforms in Austria (2016)
Working Paper: Causal effect of income on health: Investigating two closely related policy reforms in Austria (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:jku:nrnwps:2011_06

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