The objective of the subproject on Wealth, Health, and Differential Mortality is to investigate the dynamics of wealth, health status, and mortality risk It will examine four (not necessarily exclusive) hypotheses about the correlation between wealth and mortality risk:L [1] Poor health causes low wealth, via current and cumulative medical expenditures and lost earning opportunities; [2] Low wealth causes poor health, but to limitations on the availability or utilization of medical care; [3] Low wealth is associated with myopic behavior that both limits saving and increases exposure to risk factors, such as smoking, which cause poor health; and [4] Individuals have private information on their robustness, which is heterogeneous in the population, and individuals who on average live longer also accumulate more to optimize their lifecycle consumption. The subproject will use newly available panel data from the Survey of Income and Program Participation (SIPP), the Panel Study of Income Dynamics (PSID), the Health and Retirement Survey (HRS), and the Survey of the Asset and Health Dynamics Among the Oldest-old (AHEAD).

Agency
National Institute of Health (NIH)
Institute
National Institute on Aging (NIA)
Type
Research Program Projects (P01)
Project #
5P01AG005842-12
Application #
6234129
Study Section
Project Start
1997-02-01
Project End
1997-12-31
Budget Start
1996-10-01
Budget End
1997-09-30
Support Year
12
Fiscal Year
1997
Total Cost
Indirect Cost
Name
National Bureau of Economic Research
Department
Type
DUNS #
City
Cambridge
State
MA
Country
United States
Zip Code
02138
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