IZA DP No. 4787: Revisiting the Income-Health Nexus: The Importance of Choosing the "Right" Indicator
revised version published as 'Welfare-Related Health Inequality: Does the Choice of Measure Matter?' in: European Journal of Health Economics, 2013, 14 (3), 431-442
We show that the choice of the welfare measure has a substantial impact on the degree of welfare-related health inequality. Combining various income and wealth measures with different health measures, we calculate 80 health concentration indices. The influence of the welfare measure is more pronounced when using subjective health measures than when using objective health measures.