Healthy, Wealthy, and Knowing Where to Live: Predicted Trajectories of Health, Wealth and Living Arrangements Among the Oldest Old

42 Pages Posted: 17 Aug 2003 Last revised: 4 Nov 2010

See all articles by Florian Heiss

Florian Heiss

University of Mannheim - Mannheim Research Institute for the Economics of Aging (MEA)

Michael D. Hurd

RAND Corporation; State University of New York at Stony Brook - College of Arts and Science - Department of Economics; National Bureau of Economic Research (NBER)

Axel H. Börsch-Supan

Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)

Date Written: August 2003

Abstract

Health, wealth and where one lives are important, if not the three most important material living conditions. There are many mechanisms that suggest that living arrangements and well-being derived from health and economic status are closely related. This paper investigates the joint evolution of the three conditions, using a microeconometric approach similar to what is known as vector autoregressions' (VAR) in the macroeconomics literature.

Suggested Citation

Heiss, Florian and Hurd, Michael D. and Börsch-Supan, Axel H., Healthy, Wealthy, and Knowing Where to Live: Predicted Trajectories of Health, Wealth and Living Arrangements Among the Oldest Old (August 2003). NBER Working Paper No. w9897, Available at SSRN: https://ssrn.com/abstract=435441

Florian Heiss

University of Mannheim - Mannheim Research Institute for the Economics of Aging (MEA) ( email )

D-68131 Mannheim
Germany
0049-621-181-1858 (Phone)
0049-621-181-1863 (Fax)

Michael D. Hurd (Contact Author)

RAND Corporation ( email )

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310-393-4818 (Fax)

State University of New York at Stony Brook - College of Arts and Science - Department of Economics ( email )

Stony Brook, NY 11794
United States

National Bureau of Economic Research (NBER)

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United States

Axel H. Börsch-Supan

Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) ( email )

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Munich, 80799
Germany

HOME PAGE: http://www.mea.mpisoc.mpg.de

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