Replication data for: Wealth Shocks and Health Outcomes: Evidence from Stock Market Fluctuations
- Schwandt, Hannes
AbstractDo wealth shocks affect the health of elderly in developed countries? I exploit the booms and busts in the US stock market as a natural experiment that generated considerable gains and losses in the wealth of stock-holding retirees. Using data from the 1998–2011 Health and Retirement Study I construct wealth shocks as the interaction of stock holdings with stock market changes. These wealth shocks predict wealth changes and strongly affect health outcomes. A 10% wealth loss leads to an impairment of 2–3% of a standard deviation in physical health, mental health and survival rates.
Is supplement to
DOI: 10.1257/app.20140499 (Text)
Schwandt, Hannes. “Wealth Shocks and Health Outcomes: Evidence from Stock Market Fluctuations.” American Economic Journal: Applied Economics 10, no. 4 (October 2018): 349–77. https://doi.org/10.1257/app.20140499.
- ID: 10.1257/app.20140499 (DOI)
Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-12-07