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• W1969448807 abstract "Researchers have explored the considerable negative effect of an individual’s or his spouse’s poor health on their wealth accumulation. Health selection may also operate across generations, affecting the wealth of children whose parents suffer from poor health. We develop an intergenerational model of health selection in wealth using life course theory to understand whether parents’ non-fatal serious health events affect inter vivos financial transfers to children. First, we estimate the relationship between parents’ serious health events in adulthood and wealth accumulation, showing that data from the Wisconsin Longitudinal Study reproduce results from research using U.S. national panel studies and supporting the generalizability of our intergenerational health selection results. Second, we find strong evidence of intergenerational health selection. Individuals with less initial wealth and who experience a serious health event are about 34% more likely to transfer money to their children and transfer 60% more money to their children when they do." @default.
• W1969448807 created "2016-06-24" @default.
• W1969448807 creator A5010252159 @default.
• W1969448807 creator A5040559685 @default.
• W1969448807 date "2010-11-01" @default.
• W1969448807 modified "2023-10-04" @default.
• W1969448807 title "Intergenerational health selection in wealth: A first look at parents’ health events and inter vivos financial transfers" @default.
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• W1969448807 doi "https://doi.org/10.1016/j.ssresearch.2010.06.004" @default.
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