Discussion Paper Details

Please find the details for DP10728 in an easy to copy and paste format below:

Full Details   |   Bibliographic Reference

Full Details

Title: The Effect of Income on Mortality - New Evidence for the Absence of a Causal Link

Author(s): Alexander Ahammer, Gerard Thomas Horvath and Rudolf Winter-Ebmer

Publication Date: July 2015

Keyword(s): income, mortality and wage decomposition

Programme Area(s): Labour Economics

Abstract: We analyze the effect of income on mortality in Austria using administrative social security data. To tackle potential endogeneity concerns arising in this context, we estimate time-invariant firm-specific wage components and use them as instruments for actual wages. While we do find quantitatively small yet statistically significant effects in our nave least squares estimations, IV regressions reveal a robust zero-effect of income on ten-year death rates for prime-age workers, both in terms of coecient magnitude and statistical significance. These results are robust to a number of different sample specifications and both linear and non-linear estimation methods.

For full details and related downloads, please visit:

Bibliographic Reference

Ahammer, A, Horvath, G and Winter-Ebmer, R. 2015. 'The Effect of Income on Mortality - New Evidence for the Absence of a Causal Link'. London, Centre for Economic Policy Research.