Credit scores, cardiovascular disease risk, and human capital.
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Credit scores are the most widely used instruments to assess whether or not a person is a financial risk. Credit scoring has been so successful that it has expanded beyond lending and into our everyday lives, even to inform how insurers evaluate our health. The pervasive application of credit scoring has outpaced knowledge about why credit scores are such useful indicators of individual behavior. Here we test if the same factors that lead to poor credit scores also lead to poor health. Following the Dunedin (New Zealand) Longitudinal Study cohort of 1,037 study members, we examined the association between credit scores and cardiovascular disease risk and the underlying factors that account for this association. We find that credit scores are negatively correlated with cardiovascular disease risk. Variation in household income was not sufficient to account for this association. Rather, individual differences in human capital factors—educational attainment, cognitive ability, and self-control—predicted both credit scores and cardiovascular disease risk and accounted for ∼45% of the correlation between credit scores and cardiovascular disease risk. Tracing human capital factors back to their childhood antecedents revealed that the characteristic attitudes, behaviors, and competencies children develop in their first decade of life account for a significant portion (∼22%) of the link between credit scores and cardiovascular disease risk at midlife. We discuss the implications of these findings for policy debates about data privacy, financial literacy, and early childhood interventions.
Subjectcardiovascular disease risk
Published Version (Please cite this version)10.1073/pnas.1409794111
Publication InfoBelsky, Daniel W; Caspi, Avshalom; Harrington, Hona Lee; Hogan, Sean; Houts, Renate M; Israel, S; ... Sanders, Seth (2014). Credit scores, cardiovascular disease risk, and human capital. Proc Natl Acad Sci U S A, 111(48). pp. 17087-17092. 10.1073/pnas.1409794111. Retrieved from https://hdl.handle.net/10161/9270.
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Assistant Professor in Population Health Sciences
The goal of Dan’s work is to reduce social inequalities in aging outcomes in the US and elsewhere. Dan's research seeks to understand how genes and environments combine to shape health across the life course. His work uses tools from genome science and longitudinal data from population-based cohort studies. The aim is to identify targets for policy and clinical interventions to promote positive development in early life and extend healthspan.Areas of interest: Aging, health
Edward M. Arnett Professor of Psychology and Neuroscience
Nannerl O. Keohane University Professor
Professor of Economics
Professor Sanders specializes in the fields of economics and public policy. His research focuses specifically on four different lines of study, which include the trends of race and gender in relation to earnings among the highly educated; the effects of extreme economic changes on workers and families; the performance of gay and lesbian families within the economy; and the economic consequences of teenage childbearing. He has received numerous grants for his research, including several from the
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