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dc.contributor.authorRohde, Nicholas
dc.contributor.authorOsberg, Lars
dc.contributor.authorTang, Kam K.
dc.contributor.authorRao, Prasada
dc.contributor.editorRohde, Nicholas
dc.contributor.editorNaranpanawa, Athula
dc.date.accessioned2020-01-16T08:10:42Z
dc.date.available2020-01-16T08:10:42Z
dc.date.issued2015
dc.identifier.issn1837-7750
dc.identifier.otherRePEc:gri:epaper:economics:201501
dc.identifier.urihttp://hdl.handle.net/10072/390393
dc.description.abstractThis paper contrasts the mental and physical health impacts of vulnerability and economic insecurity. Vulnerability refers to exposure to economic risks for individuals just above the poverty line, while insecurity relates to risk exposure at any point in the income distribution. Using data from the first 11 waves of the Australian HILDA panel, we generate four alternative measures of real or perceived downside economic risk and employ fixed effects regressions to estimate their impacts on SF-36 mental and physical health indices. Our method also uses a series of polynomial interactions to allow the effect sizes to vary non-linearly with income. Baseline estimates show that economic risks have consistently negative consequences for both mental and physical health, with the former effect being around three times the size of the latter. However our main finding is that increasing incomes do little to mitigate the sensitivity of health to these risks. Nonetheless poorer people still face larger health costs than richer people due to greater degrees of exposure. Combining these estimates reveals that differentials in economic risk over the income distribution are quantitatively meaningful and explain about 10% of the income-health gradient.
dc.format.extent15 pages
dc.languageEnglish
dc.publisherGriffith University
dc.publisher.placeBrisbane, Australia
dc.relation.ispartofpagefrom1
dc.relation.ispartofpageto15
dc.subject.keywordsI31 - General Welfare
dc.subject.keywordsD69 - Welfare Economics: Other
dc.subject.keywordsI19 - Health: Other
dc.subject.keywordsEconomic Insecurity
dc.subject.keywordsHealth
dc.subject.keywordsIncome
dc.subject.keywordsPanel Data
dc.subject.keywordsVulnerability
dc.title2015-01: Is it vulnerability or economic insecurity that matters for health? (Working paper)
dc.typeReport
dc.type.descriptionDiscussion Paper
gro.facultyGriffith Business School
gro.description.notepublicEconomics and Business Statistics
gro.rights.copyrightCopyright © 2010 by author(s). No part of this paper may be reproduced in any form, or stored in a retrieval system, without prior permission of the author(s).
gro.date.issued2015
gro.hasfulltextFull Text
gro.griffith.authorRohde, Nicholas


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