Unequal Effects of Elders' Health Problems on Wealth Depletion across Race and Ethnicity.

TitleUnequal Effects of Elders' Health Problems on Wealth Depletion across Race and Ethnicity.
Publication TypeJournal Article
Year of Publication2005
AuthorsKim, H, Lee, J
JournalJ Consum Aff
Volume39
Issue1
Pagination148-172
Date Published2005 Apr
ISSN Number0022-0078
Call Numberpubs_2005_Kim-Lee.pdf
Abstract

We investigate the impact of health on wealth depletion of African American, Hispanic, and non-Hispanic white elders. Using the data from 4,464 elderly households that participated in both the 1993 Asset and Health Dynamics of the Oldest Old and the 1998 Health and Retirement Study, we find that health problems contribute to wealth depletion differently across elders in different racial and ethnic groups. We draw policy implications from the findings regarding ways to help consumers protect their financial security from health shocks in later life.
Notes

ProCite field 3 : U KY; OH State U
DOI10.1111/j.1745-6606.2005.00007.x
User Guide Notes

http://www.ncbi.nlm.nih.gov/pubmed/16773142?dopt=Abstract
Endnote Keywords

Health Care Costs/Health Care Utilization/Economics of the Elderly/Handicapped/Minorities/Non-labor Discrimination/Health
Endnote ID

14382
Alternate JournalJ Consum Aff
Citation Key7022
PubMed ID16773142
PubMed Central IDPMC1477538
Grant ListK01 AG021531 / AG / NIA NIH HHS / United States
K01 AG021531-01A2 / AG / NIA NIH HHS / United States
K01 AG021531-02 / AG / NIA NIH HHS / United States