TY  - RPRT
        AU  - Ahammer, Alexander
AU  - Horvath, Thomas
AU  - Winter-Ebmer, Rudolf
        TI  - The Effect of Income on Mortality: New Evidence for the Absence of a Causal Link
        PY  - 2015/Jul/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 9176
        UR  - https://www.iza.org/publications/dp9176
        AB  - 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.
        KW  - wage decomposition
KW  - mortality
KW  - income
        ER  -