TY  - JOUR
AU  - Smith, James P
TI  - Consequences and Predictors of New Health Events
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 10063
PY  - 2003
Y2  - November 2003
DO  - 10.3386/w10063
UR  - http://www.nber.org/papers/w10063
L1  - http://www.nber.org/papers/w10063.pdf
N1  - Author contact info:
James P. Smith
RAND Corporation
1776 Main Street
P.O. Box 2138
Santa Monica, CA 90407-2138
Tel: 310-451-6925
E-Mail: jsmith_1776@outlook.com
M1  - published as James Smith. "Consequences and Predictors of New Health Events," in David A. Wise, editor, "Analyses in the Economics of Aging" University of Chicago Press (2005)

AB  - Smith uses the HRS and AHEAD panels to examine the consequences of new health on a series of SES related outcomes- out-of-pocket labor supply, labor force activity, household income and wealth. For each of these outcomes, new severe health events have a significant effect although most of the impact on income and wealth takes place through labor supply and not not medical expenses. The paper also examines the ability of different measures of SES to predict the future onset of disease. The author finds no predictive effect of income or wealth but education does predict future onset even after controlling for current health status. The reasons for this continuing predictive effect of education are explored in the paper.
ER  -