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The short-term mortality consequences of income receipt

Author: William N Evans; Timothy J Moore; National Bureau of Economic Research.
Publisher: Cambridge, Mass. : National Bureau of Economic Research, ©2009.
Series: Working paper series (National Bureau of Economic Research), no. 15311.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
Many studies find that households increase their consumption after the receipt of expected income payments, a result inconsistent with the life-cycle/permanent income hypothesis. Consumption can increase adverse health events, such as traffic accidents, heart attacks and strokes. In this paper, we examine the short-term mortality consequences of income receipt. We find that mortality increases following the arrival  Read more...
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Details

Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: William N Evans; Timothy J Moore; National Bureau of Economic Research.
OCLC Number: 436086173
Notes: "September 2009."
Description: 1 online resource (40 pages) : illustrations, digital.
Series Title: Working paper series (National Bureau of Economic Research), no. 15311.
Responsibility: William N. Evans, Timothy J. Moore.

Abstract:

Many studies find that households increase their consumption after the receipt of expected income payments, a result inconsistent with the life-cycle/permanent income hypothesis. Consumption can increase adverse health events, such as traffic accidents, heart attacks and strokes. In this paper, we examine the short-term mortality consequences of income receipt. We find that mortality increases following the arrival of monthly Social Security payments, regular wage payments for military personnel, the 2001 tax rebates, and Alaska Permanent Fund dividend payments. The increase in short-run mortality is large, potentially eliminating some of the protective benefits of additional income.

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