@article {12085,
	title = {Health dynamics shape life-cycle incomes.},
	journal = {Journal of Health Economics},
	volume = {75},
	year = {2021},
	pages = {102398},
	abstract = {<p>This paper empirically investigates the long-run effects of major health improvements on income growth in the United States. To isolate exogenous changes in health, the econometric model uses quasi-experimental variation in cardiovascular disease mortality across states over time. Based on data for the white population, the results show that there is a causal link between health and income per person, and they provide novel evidence that health dynamics shape life-cycle incomes. Life-cycle income profiles slope more strongly at the beginning and at the end of work life in 2000 than in 1960, indicating that age becomes a more prominent determinant of income dynamics over this period. The channels for this transformation include better health, higher educational attainment, and changing labor supply.</p>},
	keywords = {Demography, Economics, Educational Status, Employment, Fertility, Health Workforce, Humans, Income, Population Dynamics, Socioeconomic factors},
	issn = {1879-1646},
	doi = {10.1016/j.jhealeco.2020.102398},
	author = {Rainer Kotschy}
}
