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    The association between income, wealth, economic security perception, and health: a longitudinal Australian study

    Access Status
    Fulltext not available
    Authors
    Kendall, Garth
    Nguyen, Ha
    Ong, Rachel
    Date
    2018
    Type
    Journal Article
    
    Metadata
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    Citation
    Kendall, G. and Nguyen, H. and Ong, R. 2018. The association between income, wealth, economic security perception, and health: a longitudinal Australian study. Health Sociology Review.
    Source Title
    Health Sociology Review
    DOI
    10.1080/14461242.2018.1530574
    ISSN
    1446-1242
    School
    School of Nursing, Midwifery and Paramedicine
    URI
    http://hdl.handle.net/20.500.11937/73214
    Collection
    • Curtin Research Publications
    Abstract

    © 2018, © 2018 Informa UK Limited, trading as Taylor & Francis Group. The study used data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey to explore three hypotheses: (1) that income and wealth both predict economic security perception, mental health, and physical health; (2) that gradients in health outcomes are better explained by wealth than income; and (3) that economic security perception is better explained by wealth than income. We conducted fixed effects regression analysis. After controlling for other variables in our model, both income and wealth appeared to have positive and significant associations with economic security perception and a range of mental health outcomes, but not physical health. There was also some evidence to support our second hypothesis, that gradients in health outcomes are better explained by wealth than income, however only for mental health. Our third hypothesis was not supported by the data. While both income and wealth were strongly related to economic security perception, it was better explained by income than wealth. We recommend that future studies are designed to evaluate the role of economic security as a mediating variable in the relationship between income, wealth and health, because the implications are substantial.

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