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”Healthy, Wealthy, and Wise?” Revisited

”Healthy, Wealthy, and Wise?” Revisited

An Analysis of the Causal Pathways from Socioeconomic Status to Health

Chapter:
(p.267) 8”Healthy, Wealthy, and Wise?” Revisited
Source:
Investigations in the Economics of Aging
Author(s):
Till StowasserFlorianx HeissDaniel McFaddenJoachim Winter
Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226903163.003.0009

This chapter reviews the potential explanations for the association between socioeconomic status and health; specifies the econometric challenges that arise when trying to discriminate among them; and discusses how to address these challenges. It then describes the approach proposed by the health, wealth, and wisdom (HWW) study and presents a reanalysis of HWW with new data. A commentary is included at the end of the chapter.

Keywords:   socioeconomic status, health, wealth, wisdom

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