Commentary: Econometric issues in using the AHEAD Panel

Publisher:
Elsevier Science Publishers B.V.
Publication Type:
Journal Article
Citation:
Journal of Econometrics, 2002, 112 (1), pp. 115 - 120
Issue Date:
2002-01
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This study provides an illuminating perspective on the relation between health and socio-economic status. It is notable in meeting, head on, various technical but critical issues that arise in using the AHEAD panel to address issues of causation between health and socio-economic status (SES). This panel provides multiple measures of both health and SES, and there is no prior consensus reduction of these many dimensions. Household wealth is the candidate summary measure of economic status, but as users of self-reported wealth know and the authors lucidly demonstrate, severe measurement errors raise a host of methodological problems of their own. These comments focus on the way the authors have addressed these and some of the other technical issues that have to be confronted in one way or another in order to address the central issues.
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