G2TT
来源类型Discussion paper
规范类型论文
来源IDDP12562
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
URLhttps://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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