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
JournalJournal of Consumer Affairs
Volume39
Issue1
Pagination148-72
Call Numberpubs_2005_Kim-Lee.pdf
KeywordsConsumption and Savings, Disabilities, Employment and Labor Force, Health Conditions and Status, Healthcare, Women and Minorities
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

Endnote Keywords

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

Endnote ID

14382

Citation Key7022