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A person’s socioeconomic status (SES) can affect health (social causation) and health can affect SES (health selection). The findings for each of these pathways may depend on how SES is measured. We study (1) whether social causation or health selection is more important for overall health inequalities, (2) whether this differs between stages of the life course, and (3) between measures of SES. Using retrospective survey data from 10 European countries (SHARELIFE, n = 18,734), and structural equation models in a cross-lagged panel design, we determine the relative explanatory power of social causation and health selection through childhood, adulthood, and old age. We use three ways to measure SES: First, as a latent variable capturing different aspects of SES, second as material wealth, and third as occupational skill level. Between childhood and adulthood, social causation and health …