Source: Journal of Urban Economics, 2015, Vol 87 p. 14-24
Follow this link for the abstract
Date of publication: May 2015
Publication type: Journal article
In a nutshell: This article presents estimates of the impact of home safety and accessibility features on the prevention of serious, non-fatal falls for elderly widowed individuals. The features are not randomly assigned across homes, so the study developed an instrumental variable strategy, relying on the differential decline in the health and functional status of spouses to identify impacts. Cost–benefit estimates suggest that investments in home safety for the elderly may be as cost-effective as medical expenditures in the short-term.
Length of publication: 10 pages
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