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Replication data for: Wealth Shocks and Health Outcomes: Evidence from Stock Market Fluctuations

Version
V0
Resource Type
Dataset
Creator
  • Schwandt, Hannes
Publication Date
2018-10-01
Description
  • Abstract

    Do 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.
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/app.20140499 (Text)
Publications
  • 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

Schwandt, Hannes (2018): Replication data for: Wealth Shocks and Health Outcomes: Evidence from Stock Market Fluctuations. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E116337