Mortality, Education, Income, and Inequality Among American Cohorts

@inproceedings{Deaton1999MortalityEI,
  title={Mortality, Education, Income, and Inequality Among American Cohorts},
  author={Angus S. Deaton and Christina Paxson},
  year={1999}
}
People whose family income was less than $5,000 in 1980 could expect to live about 25 percent fewer years than people whose family income was greater than $50,000. We explore this finding using both individual data and a panel of aggregate birth cohorts observed from 1975 to 1995. We assume that health status is determined by social status, defined as income relative to the mean income of a reference group. When reference groups are not observed, health is a function of income whose slope (the… CONTINUE READING
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