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dc.contributor.authorTheodossiou, Ioannis
dc.contributor.authorZangelidis, Alexandros
dc.date.accessioned2006-12-04T13:16:01Z
dc.date.available2006-12-04T13:16:01Z
dc.date.issued2006-02
dc.identifier.issnISSN 0143-4543
dc.identifier.urihttp://hdl.handle.net/2164/95
dc.description.abstractAbstract This study investigates the effect of absolute income and relative income on health in the light of medical evidence indicating that the individual’s position in the social hierarchy undermines his or her mental and physical health. It uses an instrumental variable estimation methodology that controls for the ‘endogeneity’ problem to statistically identify the social gradient in physical and mental health. The paper shows that individuals’ own income has a positive, but modest effect on health. Absolute income appears to affect only the objective measures of health. Importantly, relative income- as a proxy for social status and position in the social hierarchy - has a significant effect on all measurements of health, with individuals higher in the social ladder enjoying better health. Finally, the results shown that individuals from families that were well-off financially (when at the age of 14) having better physical and mental health.en
dc.description.sponsorshipEuropean Commissionen
dc.format.extent128689 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoenen
dc.relation.ispartofseriesUniversity of Aberdeen Business School Working Papersen
dc.relation.ispartofseries2006-06en
dc.subjectIncomeen
dc.subjectSocial Statusen
dc.subjectChildhood Deprivationen
dc.subjectMental and Physical Healthen
dc.titleThe social gradient in health: the effect of absolute and relative income on the individual's healthen
dc.typeWorking Paperen


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