1 Erratum to: Rev Econ Household DOI 10.1007/s11150-008-9047-0

In the original version of this article the acknowledgments were unfortunately omitted.

2 Acknowledgments

We would like to thank two anonymous reviewers and Michael Grossman for their valuable comments and suggestions. This work was carried out whilst Emmanouil Mentzakis was a PhD student at the University of Aberdeen, funded by an MRC capacity building studentship. Mandy Ryan and Paul McNamee are funded by the University of Aberdeen. Financial support from the Chief Scientist Office of the Scottish Government Health Directorate is also acknowledged. Data from the British Household Panel Survey (BHPS) were supplied by the ESRC Data Archive. The usual disclaimer applies.