Do different shocks in health matter for wealth?

Johan Bonekamp, Bram Wouterse*

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review

2 Citations (Scopus)
52 Downloads (Pure)

Abstract

We study the effect of hospital admissions for specific conditions on wealth for the Dutch population aged 70–79. We consider 14 disease groups that affect mortality and disability to different extents. We apply a “difference-in-timing” design comparing individuals admitted in one year to similar individuals admitted later. Because the protection against income risks and medical spending is high, we can identify changes in saving behaviors driven by preferences for consumption, saving, and bequests, rather than by changes in budget constraints. Although the health shocks differ in mortality and disability, we find hardly any impact on wealth across conditions.

Original languageEnglish
Article number102719
JournalJournal of Health Economics
Volume87
DOIs
Publication statusPublished - Jan 2023

Bibliographical note

Publisher Copyright: © 2022 The Author(s)

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