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Insights on unemployment, unemployment insurance, and mental health

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  • Tefft, Nathan

Abstract

This paper contributes to the growing literature on the relationship between business cycles and mental health. It is one of the first applications in the economics literature to incorporate data on web searches from Google Insights for Search, and these unique data allow the opportunity to estimate the association between weekly unemployment insurance (UI) claims, in addition to monthly unemployment rates, and search indexes for "depression" and "anxiety". Results from state fixed effects models yield (1) a positive relationship between the unemployment rate and the depression search index and (2) a negative relationship between initial UI claims on the one hand and the depression and anxiety search indexes on the other. A lag analysis also shows that an extended period of higher levels of continued UI claims is associated with a higher depression search index.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Health Economics.

Volume (Year): 30 (2011)
Issue (Month): 2 (March)
Pages: 258-264

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Handle: RePEc:eee:jhecon:v:30:y:2011:i:2:p:258-264

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Web page: http://www.elsevier.com/locate/inca/505560

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Keywords: Unemployment Fatal accidents Macroeconomic conditions Alcohol;

References

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  1. DiTella, Rafael & MacCulloch, Robert & Oswald, Andrew J., 2001. "Preferences over inflation and unemployment: Evidence from surveys of happiness," ZEI Working Papers B 03-2001, ZEI - Center for European Integration Studies, University of Bonn.
  2. Nikolaos Askitas & Klaus F. Zimmermann, 2009. "Google Econometrics and Unemployment Forecasting," Applied Economics Quarterly (formerly: Konjunkturpolitik), Duncker & Humblot, Berlin, Duncker & Humblot, Berlin, vol. 55(2), pages 107-120.
  3. Christopher J. Ruhm, 2003. "Healthy Living in Hard Times," NBER Working Papers 9468, National Bureau of Economic Research, Inc.
  4. Christopher J. Ruhm, 1996. "Are Recessions Good For Your Health?," NBER Working Papers 5570, National Bureau of Economic Research, Inc.
  5. Ruhm, Christopher J., 2003. "Good times make you sick," Journal of Health Economics, Elsevier, Elsevier, vol. 22(4), pages 637-658, July.
  6. Berger, Magdalena & Wagner, Todd H. & Baker, Laurence C., 2005. "Internet use and stigmatized illness," Social Science & Medicine, Elsevier, Elsevier, vol. 61(8), pages 1821-1827, October.
  7. Mark Kamstra & Lisa Kramer & Maurice Levi, 2002. "Winter blues: a SAD stock market cycle," Working Paper, Federal Reserve Bank of Atlanta 2002-13, Federal Reserve Bank of Atlanta.
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Citations

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Cited by:
  1. John Gathergood, . "Unemployment Expectations, Credit Commitments and Psychological Health," Discussion Papers 12/03, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
  2. Melissa McInerney & Jennifer M. Mellor & Lauren Hersch Nicholas, 2013. "Recession Depression: Mental Health Effects of the 2008 Stock Market Crash," CESifo Working Paper Series 4263, CESifo Group Munich.
  3. Frijters, P.; & Johnston, D.W.; & Lordan, G.; & Shields, M.;, 2013. "Exploring the relationship between macroeconomic conditions and problem drinking as captured by Google searches in the US," Health, Econometrics and Data Group (HEDG) Working Papers, HEDG, c/o Department of Economics, University of York 13/02, HEDG, c/o Department of Economics, University of York.
  4. Chad Cotti & Richard A. Dunn & Nathan Tefft, 2013. "The Dow is Killing Me: Risky Health Behaviors and the Stock Market," Working Papers, University of Connecticut, Department of Agricultural and Resource Economics, Charles J. Zwick Center for Food and Resource Policy 20, University of Connecticut, Department of Agricultural and Resource Economics, Charles J. Zwick Center for Food and Resource Policy.
  5. Arndt Reichert & Harald Tauchmann, 2011. "The Causal Impact of Fear of Unemployment on Psychological Health," Ruhr Economic Papers, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen 0266, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
  6. Marjanovic, Zdravko & Greenglass, Esther R. & Fiksenbaum, Lisa & Bell, Chris M., 2013. "Psychometric evaluation of the Financial Threat Scale (FTS) in the context of the great recession," Journal of Economic Psychology, Elsevier, Elsevier, vol. 36(C), pages 1-10.
  7. McInerney, Melissa & Mellor, Jennifer M., 2012. "Recessions and seniors’ health, health behaviors, and healthcare use: Analysis of the Medicare Current Beneficiary Survey," Journal of Health Economics, Elsevier, Elsevier, vol. 31(5), pages 744-751.
  8. Mariya Melnychuk, 2012. "Mental health and economic conditions: how do economic fluctuations influence mental problems?," Working Papers. Serie AD, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) 2012-08, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).

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