TY  - RPRT
        AU  - García-Muñoz, Teresa
AU  - Neuman, Shoshana
AU  - Neuman, Tzahi
        TI  - A Fresh Look at the Health-Wealth Correlation: A Case Study of European Countries
        PY  - 2019/Oct/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 12673
        UR  - https://www.iza.org/publications/dp12673
        AB  - This paper contributes to the development-health literature by studying the correlation between development measures (see below) and health measures - one subjective ('self-assessed-health-status'), and the other one objective (the individual's 'number of chronic diseases'). Correlations are examined for 29 European countries, using the SHARE data set, and country-level development measures. Specifically, we examine whether country fixed-effects in regressions of health measures, controlling for individual socio-demographic variables, are significantly correlated with country development variables, which include: logarithm of per-capita GDP; the Human Development Index; the Social Progress Index; life expectancy; percentage of GDP spent on health; and the novel measure expressed by the Environmental Health Index. The novelty of our study is the introduction of a channel for the significant health-wealth correlation, speculating that the driving forces are psychological. 
        KW  - development
KW  - self-assessed-health-status
KW  - diseases
KW  - environmental hazards
KW  - psychological motives
KW  - SHARE
KW  - Europe
        ER  -