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Estimates of the asset-effect: the search for a causal effect of assets on adult health and employment outcomes
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In this paper we seek to determine the effect of assets held in early adult life on later outcomes. We specifically look at wages, employment prospects, general health and malaise. We employ a number of statistical techniques in our search for the causal effect of assets on adult health and employment outcomes. After applying a battery of techniques to remove such biases, the conclusion is that within the cohort examined (born in 1958), early asset holding does have positive effects on later wages, employment prospects, excellent general health and in reducing malaise.
Author: Abigail McKnight
Topic: Asset building and saving
Publisher: London School of Economics
Location: United Kingdom
Format: Report
Content Type: Research
Publication Date: June 30, 2011