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Healthy, Wealthy, and Knowing Where to Live

Healthy, Wealthy, and Knowing Where to Live

Trajectories of Health, Wealth, and Living Arrangements among the Oldest Old

Chapter:
(p.241) 8 Healthy, Wealthy, and Knowing Where to Live
Source:
Analyses in the Economics of Aging
Author(s):
Florian Heiss, Michael D. Hurd, Axel Börsch-Supan
Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226903217.003.0009

This chapter examines the trajectories of health, wealth and living arrangements among older people in the U.S. It suggests that the notion that interaction of health and wealth is moderated by where elderly persons live. The findings indicate that remaining in the lowest wealth quartile is most likely when an elderly person lives in a nursing home and least likely when this person lives with others.

Keywords:   health, wealth, living arrangements, older people, U.S., nursing home

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