%0 Report
        %A Ahammer, Alexander
%A Horvath, Thomas
%A Winter-Ebmer, Rudolf
        %T The Effect of Income on Mortality: New Evidence for the Absence of a Causal Link
        %D 2015
        %8 2015 Jul
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 9176
        %U https://www.iza.org/publications/dp9176
        %X 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.
        %K wage decomposition
%K mortality
%K income