@Article{pakinsight,
AUTHOR = {},
TITLE = {Income Shocks and Child Mortality Rates: Evidence from Fluctuations in Oil Prices},
JOURNAL = {The Economics and Finance Letters},
VOLUME = {8},
YEAR = {2021},
NUMBER = {1},
PAGES = {70-81},
URL = {http://www.pakinsight.com/archive/29/06-2021/1},
ISSN = {2312-430X},
ABSTRACT = {Previous studies show that children in lower socioeconomic status families reveal higher rates of mortality. We complement the income-mortality literature by establishing a causal link between income and child mortality. Our instrument for income is based on time-series global shocks to oil prices combined with the cross-sectional share of employment in manufacturing across US states as their exposure to oil price changes. Using the universe of death records between the years 1975-2004, we find the OLS results of income-child-mortality relationships are under-biased. The 2SLS-IV results suggest that a $1,000 increase in income per capita at the state level reduces child mortality and infant mortality by 0.87 and 0.53 fewer incidences per 1,000 population of age-specific children.},
DOI = {10.18488/journal.29.2021.81.70.81}
}