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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP12562 |
DP12562 Wealth Shocks and Health Outcomes: Evidence from Stock Market Fluctuations | |
Hannes Schwandt | |
发表日期 | 2018-01-03 |
出版年 | 2018 |
语种 | 英语 |
摘要 | Do wealth shocks affect the health of elderly in developed countries? I exploit the booms and busts in the US stock market as a natural experiment that generated considerable gains and losses in the wealth of stock-holding retirees. Using data from the 1998-2011 Health and Retirement Study I construct wealth shocks as the interaction of stock holdings with stock market changes. These wealth shocks predict wealth changes and strongly affect health outcomes. A 10% wealth loss leads to an impairment of 2-3% of a standard deviation in physical health, mental health and survival rates. |
主题 | Labour Economics |
关键词 | Wealth shocks Health Mortality stock market Retirees |
URL | https://cepr.org/publications/dp12562 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541373 |
推荐引用方式 GB/T 7714 | Hannes Schwandt. DP12562 Wealth Shocks and Health Outcomes: Evidence from Stock Market Fluctuations. 2018. |
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