![]() Studies on the impact of poor health on wealth accumulation are subject to several empirical difficulties. Medical scientists are often convinced that variation in socioeconomic status produces health disparities, whereas economists tend to emphasize the influence of health on wealth. 4 The direction of causality, however, remains a matter of debate. 3 Nutritional status (indicated by height, BMI, and caloric intake) are also closely correlated with wages in many developing countries. 2 According to the head of household’s 1984 self-reported general health status, for instance, those in excellent health in 1984 were 74 percent wealthier than respondents in fair or poor health. There is increasing evidence of a strong association between many measures of economic status, including income and wealth, and a variety of health outcomes, such as mortality, morbidity, and self-reported health. ![]() By considering this important dimension of human capital, the present study will broaden our understanding of wealth accumulation.īy examining the experiences in the past, this article also contributes to the current research regarding the association between health and economic status. 1 To my knowledge, however, the effect of health, a potentially important element of wealth mobility, has not been explored. It has been established by these studies that the age profile of wealth was inverse-U shaped, that the duration of residence in America or in a particular locality was positively related with the magnitude of wealth, and that the size and pattern of wealth accumulation differed by ethnicity. ![]() Various human capital attributes such as age, literacy, race, length of residence, and nativity, have been employed as determinants of savings. The patterns and determinants of wealth accumulation have been one of the central issues in American economic history. ![]() ![]() This article explores how wartime stress and the health of recruits while in the service affected their subsequent wealth accumulations. ![]()
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