The impact of health on wage is widely examined by scholars. Most scholars conclude that poor health has negative impact on a person’s income, even though they use different method to test the relationship. Some scholars use the variable which represents health as exogenous variable, but some use it as endogenous variable. In this project, I use self-reported health as an explanatory variable and exploit what is the impact of self-reported health on a person’s income by using multiple regression. My null hypothesis is that there is no significant relationship between health and income, and the alternative hypothesis is that there is significant relationship between health and income. If the coefficient of self-assessed health is …show more content…
In addition The article “Does Health increase income” published in The Economist uses the eradication of malaria to illustrate that particular health improvements that may not influence life expectancy but enable people to be more productive can increase income of each person. These articles are all published before 2000. Even though they do find the negative relationship between poor health and income, their findings and data are not powerful to think about the relationship for today’s youth because some factors, such as technologies and policies, has changed. Hence I use the data from The National Longitudinal Survey of Youth 1997 (NLSY97) whose newest data if from 2011 to test the relationship between income and health. Empirical Model I use the wage function derived from Mincer(1947), which is Ln(wage)=β0 + β1Schooling + β2(Experience)+β3(Experience)^2+ ui However, in Mincer’s model, the omitted variable bias is serious because the model ignores some other factors that can influence wage, such as demographic factor, Region, Occupation and so on. Hence in order to investigate the relationship between health and earnings, and consider the effect of other factors, I modify the model by adding health which is my interest and some other factors, such as hours worked per week, region, race, occupation, sex and marital status. Dataset I use the data from The National Longitudinal Survey of Youth 1997 (NLSY97)
Why are higher income and social status associated with better health? If it were just a matter of the poorest and lowest status groups having poor health, the explanation could be things like poor living conditions. But the effect occurs all across the socio-economic spectrum. Considerable research indicates that the degree of control people have over life circumstances,
Health has been influenced by many factors such as poor health status, disease risk factors, and limited access to healthcare. All these factors are due to social, economic and environmental disadvantages. According to the World Organization (WHO) (2015), “the social determinants of health are mostly responsible for health inequities, which is the unfair and avoidable differences in health status seen within and between countries”
“Health is a state of complete physical, mental, spiritual and social wellbeing, and not just the absence of disease” (WHO, 1974). Health inequalities are the differences in health or healthcare opportunities in different societies this may be due to income,
“Aboriginal & Torres Strait Islander people have a greater amount of disadvantage and significantly more health problems than the non-Aboriginal & Torres strait Islander population in Australia”
The determinants of health are economic and social conditions that affect people’s health status. These influence the living and working conditions that impacts people’s everyday living condition. Factors such as the place and the environment we live in, genetics, educational level or work status and income, as well as friends and family are some of the aspects that affects our health condition. On the other hand, the people that have an access to good health care and have financial stability are less susceptible and are often less affected. (NANB, 2009)
The Health and Wealth connection distilled is our health will most commonly reflect from our amount of wealth. The wealthy can afford the cost of quality care and the time to take care of themselves. Within the textbook, Dimensions of Human Behavior Hutchison writes. Public health experts have long noted the association of poor clinical outcomes, in all body systems, with low income, low education, unsanitary housing, poor healthcare, on stable employment, and uncertain physical environment (Hutchison, 2015). Easily demonstrated throughout American society the rather dubious and is a somewhat perplexing phenomenon of the Health-and-Wealth connection theory. The gap between the haves and have-nots are ever expanding. Those who have the funding to pay for resources will pay to get those resources. And those who do not have sufficient funds to pay for said resources will, unfortunately, have to stand in the long lines to receive seemingly, deceptively, scarce resources.
The correlations between level of education and socioeconomic status, and therefore the general health of an individual, are repeatedly proven to be evident across the globe.
Income and education are closely linked with health status. The __________ the poverty rate and the __________ the education level, the better the health.
The Health and wealth connection distilled is our health will most commonly reflect from our amount of wealth. The wealthy can afford the cost of quality care and the time to take care of them selves. Within the textbook, Dimensions of Human Behavior Hutchison writes. Public health experts have long noted the association of poor health outcomes, in all body systems, with low income, low education, unsanitary housing, in adequate healthcare, on stable employment, and unsafe physical environment (Hutchison, 2015). Easily demonstrated throughout American society the rather dubious and is somewhat perplexing phenomenon of the Health-and-Wealth connection theory. The gap between the haves and have-nots are ever expanding. Those who have the funding to pay for resources will pay to get those resources. And those who do not have adequate funding to pay for said resources will unfortunately have to stand in the long lines to receive seemingly, deceptively, scarce resources.
In the article Does a Higher Income Have Positive Health Effects? Using the Earned Income Tax Credit to Explore the Income-Health Gradient. The researcher relied on using several reports and surveys to gather information. The researcher used self-reported health status and the functional limitations indicated on the Survey of Income and Program Participation (SIPP), as well as the self-reported health status shown on the March Current Population Survey (CPS), the researcher focused on the low-income population, with an income below 200 percent of the federal poverty line.The purpose of the research had been to further investigate the already shown existence of a positive relationship between income and morbidity. The researcher wanted to explore the relationship of increased health in higher-wage workers and wanted to see if the increase was due because of the ability to purchase more health inputs, or if higher wage workers were more
Income is also related to health; people who are affluent tend to have better health status than those who are less affluent.
Income has a significant impact on a person’s health and well-being. According to an article titled “Where Health Disparities Begin: The Role of Social and Economic Determinants—And Why Current Policies May Make Matters Worse” by Steven H. Woolf and Paula Braveman, “US adults living in poverty are more than five times as likely to report being in fair or poor health as adults with incomes at least four times the federal poverty level” (Woolf & Braveman, 2011). Low-income people face many barriers to health care, which include lack of insurance coverage and unaffordable health care costs, resulting in poorer health and higher rates of death. Low-income people cannot afford the same health care as their wealthier counterparts, resulting in health
This essay will discuss ways in which a person’s socioeconomic class and his/her social situation can have an impact on his/her health, using examples. We believe that there is a direct link between socioeconomic/social class and health (Adler et al. 1994). I will be defining the key terms: socioeconomic and health, social class then proceed to discuss about how poverty, income, employability, environment and housing can impact on a person’s social situation and their health.
The aim of this essay is to examine the influence that socio-economic status has on an individual’s health.
Socioeconomic status is a predictive measure of health that has been widely used in the literature (Kroenke, 2008). It