Does Ill Health Affect Savings Intentions? Evidence from SHARE
University of Mannheim - Mannheim Research Institute for the Economics of Aging (MEA); German Institute for Economic Research (DIW Berlin)
December 12, 2006
MEA Discussion Paper No. 139-07
This paper uses data from SHARE 2004 to analyze one possible causal pathway of the health-wealth gradient, namely differences in the marginal propensity to save and spend across different health states. Conditional on age and current wealth, I find weak relationships between health and the intended use of a hypothetical windfall gift as well bequest expectations. The overall effect of health on wealth through this link is positive but very small.
Number of Pages in PDF File: 20
Keywords: socio-economic differences in health, savings, bequest expectations
JEL Classification: I12, J14
Date posted: August 11, 2009
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