Living Arrangements: Health and Wealth Effects
Daniel McFadden and
Reinhold Schnabel ()
No 4398, NBER Working Papers from National Bureau of Economic Research, Inc
This paper investigates the choice of living arrangements among elderly Americans. It has two specific aims. First, because health is not directly measurable and can only be described by indicators such as ADLs and IADLs, it explores a new econometric approach to model the influence of the latent health status on living arrangements. Second, it exploits the NBER Economic Supplement of the Longitudinal Study on Aging to investigate the role of housing and financial wealth in the choice of living arrangements.
JEL-codes: R31 J14 (search for similar items in EconPapers)
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Published as Advances in the Economics of Aging, David A. Wise, pp. 193-212, (Chicago, University of Chicago Press, 1996).
Published as Living Arrangements: Health and Wealth Effects , Axel Borsch-Supan, Daniel L. McFadden, Reinhold Schnabel. in Advances in the Economics of Aging , Wise. 1996
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Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:4398
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