TY - JOUR
T1 - A longitudinal analysis of the impact of health shocks on the wealth of elders
AU - Lee, Jinkook
AU - Kim, Hyungsoo
PY - 2008/1
Y1 - 2008/1
N2 - We investigate the impact of health shocks on wealth, using all four waves of the Health and Retirement Study, and estimate not only the short-term effect but also the long-term effect of health shocks on wealth of the elderly. We find that new health events lower wealth in elders during the period in which such health shocks occur, but the impact tends to disappear over time. We also find that health shocks result in greater wealth depletion when they occur later in life. Together with existing health problems, the overall impact of health problems on wealth increases over time.
AB - We investigate the impact of health shocks on wealth, using all four waves of the Health and Retirement Study, and estimate not only the short-term effect but also the long-term effect of health shocks on wealth of the elderly. We find that new health events lower wealth in elders during the period in which such health shocks occur, but the impact tends to disappear over time. We also find that health shocks result in greater wealth depletion when they occur later in life. Together with existing health problems, the overall impact of health problems on wealth increases over time.
KW - Chronic conditions
KW - Elders
KW - Long-term effect
UR - https://www.scopus.com/pages/publications/36448973849
UR - https://www.scopus.com/inward/citedby.url?scp=36448973849&partnerID=8YFLogxK
U2 - 10.1007/s00148-007-0156-5
DO - 10.1007/s00148-007-0156-5
M3 - Article
AN - SCOPUS:36448973849
SN - 0933-1433
VL - 21
SP - 217
EP - 230
JO - Journal of Population Economics
JF - Journal of Population Economics
IS - 1
ER -