Arbeitspapier

Wages and the demand for health - a life cycle analysis

This paper presents a life cycle model for the demand for health, and derives empirical specifications that distinguish between permanent and transitory wage responses. Using panel data, we estimate dynamic health and health input demand equations. We find evidence of negative transitory wage effects, and positive permanent effects. Estimation results based on our life cylce framework lead to very different conclusions than those based on static cross section analyses that are common in the literature. This analysis emphasises the importance to analyse health related behaviour in a dynamic life cycle context.

Language
Englisch

Bibliographic citation
Series: IFS Working Papers ; No. W99/20

Classification
Wirtschaft
Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡
Health Behavior
Subject
Produktqualität
Bewertung
Theorie

Event
Geistige Schöpfung
(who)
Dustmann, Christian
Windmeijer, Frank
Event
Veröffentlichung
(who)
Institute for Fiscal Studies (IFS)
(where)
London
(when)
2000

DOI
doi:10.1920/wp.ifs.2000.9920
Handle
Last update
10.03.2025, 11:42 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Dustmann, Christian
  • Windmeijer, Frank
  • Institute for Fiscal Studies (IFS)

Time of origin

  • 2000

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