TY  - JOUR
AU  - Borsch-Supan,Axel
AU  - McFadden,Daniel
AU  - Schnabel,Reinhold
TI  - Living Arrangements: Health and Wealth Effects
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 4398
PY  - 1993
Y2  - July 1993
UR  - http://www.nber.org/papers/w4398
L1  - http://www.nber.org/papers/w4398.pdf
N1  - Author contact info:
Axel H. Boersch-Supan
Munich Center for the Economics of Aging
Max Planck Institute for Social Law and Social Pol
Amalienstrasse 33
80779 Munich
GERMANY
Tel: +49 (89) 3860-2355
Fax: 49 (89) 3860-2390
E-Mail: axel@boersch-supan.de

Daniel L. McFadden
University of California, Berkeley
Department of Economics
549 Evans Hall #3880
Berkeley, CA 94720-3880
Tel: 510/643-8428
Fax: 510/642-0638
E-Mail: mcfadden@econ.berkeley.edu

Reinhold Schnabel
Prof. Reinhold Schnabel
University Duisburg-Essen
Universitaetsstr. 12
45117 Essen
Germany
Tel: (+49)201 183 4125
Fax: (+49)201 183 3417
E-Mail: Reinhold.Schnabel@uni-due.de
M1  - published as Axel Borsch-Supan, Daniel L. McFadden, Reinhold Schnabel. "Living Arrangements: Health and Wealth Effects ," in David A. Wise, editor, "Advances in the Economics of Aging" University of Chicago Press (1996)

AB  - This paper investigates the choice of living arrangements among elderly Americans. It has two specific aims. First, because health is not directly measurable and can only be described by indicators such as ADLs and IADLs, it explores a new econometric approach to model the influence of the latent health status on living arrangements. Second, it exploits the NBER Economic Supplement of the Longitudinal Study on Aging to investigate the role of housing and financial wealth in the choice of living arrangements.
ER  -