Macroeconomic crunches during working years and health outcomes later in life


Antonova, Liudmila ; Bucher-Koenen, Tabea ; Mazzonna, Fabrizio


DOI: https://doi.org/10.2139/ssrn.2560185
URL: http://mea.mpisoc.mpg.de/uploads/user_mea_discussi...
Additional URL: https://ideas.repec.org/p/mea/meawpa/201420.html
Document Type: Working paper
Year of publication: 2014
The title of a journal, publication series: MEA Discussion Papers
Volume: 20-2014
Place of publication: München
Publication language: English
Institution: Business School > Finanzmärkte (Bucher-Koenen 2019-)
Subject: 300 Social sciences, sociology, anthropology
330 Economics
Abstract: We investigate the long-term effects of macroeconomic crises experienced during prime working age (20 to 50) on health outcomes later in life using data from eleven European countries. Experiencing a severe crisis in which GDP dropped by at least 1% significantly reduces health later in life. Specifically, respondents hit by such a shock rate their subjective health as worse, are more likely to suffer from chronic diseases and mobility limitations, and have lower grip strength. The effects are larger among low-educated respondents. Experiencing a crisis year decreases the probability of being in good health later in life equivalent to being two years older in the overall sample or four years older in the low-educated subsample. Highly educated respondents' health is not affected by economic crises and additionally economic booms have a positive effect on their health. An analysis of critical periods in life reveals that in particular crises experienced later in the career (between age 40 and 50) matter for health. Extensive robustness checks show that our results are not driven by general improvements in health during the post-war years.

Dieser Datensatz wurde nicht während einer Tätigkeit an der Universität Mannheim veröffentlicht, dies ist eine Externe Publikation.




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Antonova, Liudmila ; Bucher-Koenen, Tabea ; Mazzonna, Fabrizio (2014) Macroeconomic crunches during working years and health outcomes later in life. MEA Discussion Papers München 20-2014 [Working paper]


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