The Effects of Health Events on the Economic Status of Married Couples
利用外生健康冲击数据,分析健康变化如何通过不同渠道影响收入、财富和消费,发现严重健康问题对家庭财富影响显著,且对女性的影响大于男性。
Abstract This paper uses measures of exogenous health “shocks” to identify the different channels through which changes in health conditions affect income, wealth, and consumption behavior. The results indicate that serious health conditions have strong effects on household wealth, but that the effects for women are larger and more significant than the effects for men. The source of the asymmetry arises from the fact that general living expenses increase when wives become seriously ill, while for husbands, health shocks do not affect these expenditures.