The health-wealth connection: racial differences
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1College of Health and Human Development, Department of Health Policy and Administration, Pennsylvania State University, University Park 16802, USA.
Abstract:
This article examines the theoretical connection between health capital and financial capital in an economic life-cycle model, exploring possible explanations for racial differences in capital accumulation behavior. Using data from the Health and Retirement Survey, detailed descriptive analysis and a comparison of regression models for health and financial capital are presented. The results, although preliminary and based on cross-section data, suggest possible racial differences in the connection between health and wealth and deserve further study.
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