{"title":"Monthly income volatility and health outcomes","authors":"Neil Bania, Laura Leete","doi":"10.1111/coep.12580","DOIUrl":null,"url":null,"abstract":"<p>A growing literature shows that income volatility has negative effects on household well-being. Using the Survey of Income and Program Participation, we use temporal ordering to investigate the relationship between monthly household income volatility and the subsequent change in self-reported health status of the household head. For liquidity constrained households, a one standard deviation increase in volatility over 24 months leads to a 1.3%–4.3% increase in the probability of worsened health. The magnitude of this effect is approximately two-thirds that of the impact of a one standard deviation change in the level of mean household income.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"40 4","pages":"636-658"},"PeriodicalIF":1.7000,"publicationDate":"2022-07-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Contemporary Economic Policy","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/coep.12580","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
A growing literature shows that income volatility has negative effects on household well-being. Using the Survey of Income and Program Participation, we use temporal ordering to investigate the relationship between monthly household income volatility and the subsequent change in self-reported health status of the household head. For liquidity constrained households, a one standard deviation increase in volatility over 24 months leads to a 1.3%–4.3% increase in the probability of worsened health. The magnitude of this effect is approximately two-thirds that of the impact of a one standard deviation change in the level of mean household income.
期刊介绍:
Contemporary Economic Policy publishes scholarly economic research and analysis on issues of vital concern to business, government, and other decision makers. Leading western scholars, including three Nobel laureates, are among CEP"s authors. The objectives are to communicate results of high quality economic analysis to policymakers, focus high quality research and analysis on current policy issues of widespread concern, increase knowledge among economists of features of the economy key to understanding the impact of policy, and to advance methods of policy analysis.