@TechReport{iza:izadps:dp9176, author={Ahammer, Alexander and Horvath, Thomas and Winter-Ebmer, Rudolf}, title={The Effect of Income on Mortality: New Evidence for the Absence of a Causal Link}, year={2015}, month={Jul}, institution={Institute of Labor Economics (IZA)}, address={Bonn}, type={IZA Discussion Paper}, number={9176}, url={https://www.iza.org/publications/dp9176}, abstract={We analyze the effect of income on mortality in Austria using administrative social security data. To tackle potential endogeneity concerns arising in this context, we estimate time-invariant firm-specific wage components and use them as instruments for actual wages. While we do find quantitatively small yet statistically significant effects in our naïve least squares estimations, IV regressions reveal a robust zero-effect of income on ten-year death rates for prime-age workers, both in terms of coefficient magnitude and statistical significance. These results are robust to a number of different sample specifications and both linear and non-linear estimation methods.}, keywords={wage decomposition;mortality;income}, }