Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/101942 
Year of Publication: 
2014
Series/Report no.: 
IZA Discussion Papers No. 8389
Publisher: 
Institute for the Study of Labor (IZA), Bonn
Abstract: 
In this paper, we study the short-run effect of salary receipt on mortality among Swedish public sector employees. By exploiting variation in pay-days across work-places, we completely control for mortality patterns related to, for example, public holidays and other special days or events coinciding with paydays and for general within-month and within-week mortality patterns. We find a dramatic increase in mortality on the day salaries arrive. The increase is especially pronounced for younger workers and for deaths due to activity-related causes such as heart conditions and strokes. Additionally, the effect is entirely driven by an increase in mortality among low income individuals, who are more likely to experience liquidity constraints. All things considered, our results suggest that an increase in general economic activity upon salary receipt is an important cause of the excess mortality.
Subjects: 
income
mortality
health
consumption
liquidity constraints
permanent income hypothesis
JEL: 
D91
H31
H55
I10
I12
I38
Document Type: 
Working Paper

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