IDEAS home Printed from https://ideas.repec.org/a/spr/ijphth/v65y2020i2d10.1007_s00038-019-01312-2.html
   My bibliography  Save this article

Impact of self-reported bank fraud on self-rated health, comorbidity and pain

Author

Listed:
  • Belén Sanz-Barbero

    (Institute of Health Carlos III
    CIBER of Epidemiology and Public Health (CIBERESP)
    Joint Research Institute National Distance Education University and Health Institute Carlos III (IMIENS))

  • Ana Rico Gómez

    (Institute of Health Carlos III)

  • Alba Ayala

    (Institute of Health Carlos III)

  • Patricia Recio

    (Joint Research Institute National Distance Education University and Health Institute Carlos III (IMIENS)
    National Distance Education University (UNED))

  • Encarnación Sarriá

    (Joint Research Institute National Distance Education University and Health Institute Carlos III (IMIENS)
    National Distance Education University (UNED))

  • Manuel Díaz-Olalla

    (Madrid Salud, City Council of Madrid)

  • María Victoria Zunzunegui

    (Institute of Health Carlos III)

Abstract

Objectives As reported in other high-income countries, around the 2008 Great Recession the Spanish banking sector engaged abusive practices that satisfy the definition of fraud. Our objective is to examine the association between self-reported bank fraud and physical health, using a gender perspective. Methods With data from the 2017 Madrid Health Survey, we examined the association between the economic impact of fraud and poor self-rated health (SRH), comorbidity and pain (N = 4425). Interactions of time since fraud and sex with economic impact were tested by Poisson regression models with robust variance. Results In total, 11% of adults in Madrid reported bank fraud since 2006. Among men, those who experienced frauds with severe economic impact were more likely to report adverse health than those who did not experience fraud (PR comorbidity: 1.46; PR pain conditions: 2.17). Among men time elapsed since fraud strengthened the association between severe economic impact and poor SRH (p = 0.022; p = 0.006, respectively). Among women, associations did not reach statistical significance. Conclusions Bank frauds are an emerging phenomenon which is likely to damage public health. Stricter regulation to protect people from fraudulent bank practices is needed.

Suggested Citation

  • Belén Sanz-Barbero & Ana Rico Gómez & Alba Ayala & Patricia Recio & Encarnación Sarriá & Manuel Díaz-Olalla & María Victoria Zunzunegui, 2020. "Impact of self-reported bank fraud on self-rated health, comorbidity and pain," International Journal of Public Health, Springer;Swiss School of Public Health (SSPH+), vol. 65(2), pages 165-174, March.
    • Handle: RePEc:spr:ijphth:v:65:y:2020:i:2:d:10.1007_s00038-019-01312-2
    DOI: 10.1007/s00038-019-01312-2
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s00038-019-01312-2
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s00038-019-01312-2?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Shannon T. Mejía & Richard A. Settersten & Michelle C. Odden & Karen Hooker, 2016. "Responses to Financial Loss During the Great Recession: An Examination of Sense of Control in Late Midlife," The Journals of Gerontology: Series B, The Gerontological Society of America, vol. 71(4), pages 734-744.
    2. Sweet, Elizabeth & Nandi, Arijit & Adam, Emma K. & McDade, Thomas W., 2013. "The high price of debt: Household financial debt and its impact on mental and physical health," Social Science & Medicine, Elsevier, vol. 91(C), pages 94-100.
    3. Ferraro, K.F. & Su, Y.-P., 2000. "Physician-evaluated and self-reported morbidity for predicting disability," American Journal of Public Health, American Public Health Association, vol. 90(1), pages 103-108.
    4. Jenni Blomgren & Nico Maunula & Heikki Hiilamo, 2016. "Over-indebtedness and chronic disease: a linked register-based study of Finnish men and women during 1995–2010," International Journal of Public Health, Springer;Swiss School of Public Health (SSPH+), vol. 61(5), pages 535-544, June.
    5. Boen, Courtney & Yang, Y. Claire, 2016. "The physiological impacts of wealth shocks in late life: Evidence from the Great Recession," Social Science & Medicine, Elsevier, vol. 150(C), pages 221-230.
    6. Piotr Białowolski & Dorota Węziak-Białowolska & Tyler J. VanderWeele, 2019. "The impact of savings and credit on health and health behaviours: an outcome-wide longitudinal approach," International Journal of Public Health, Springer;Swiss School of Public Health (SSPH+), vol. 64(4), pages 573-584, May.
    7. repec:dau:papers:123456789/10510 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Piotr Bialowolski & Dorota Weziak‐Bialowolska, 2021. "Good credit, bad credit: The differential role of the sources of debt in life satisfaction," Journal of Consumer Affairs, Wiley Blackwell, vol. 55(3), pages 967-994, September.
    2. Jing Jian Xiao & Kyoung Tae Kim, 2022. "The Able Worry More? Debt Delinquency, Financial Capability, and Financial Stress," Journal of Family and Economic Issues, Springer, vol. 43(1), pages 138-152, March.
    3. Encarnación Sarriá & Patricia Recio & Ana Rico & Manuel Díaz-Olalla & Belén Sanz-Barbero & Alba Ayala & María Victoria Zunzunegui, 2019. "Financial Fraud, Mental Health, and Quality of Life: A Study on the Population of the City of Madrid, Spain," IJERPH, MDPI, vol. 16(18), pages 1-14, September.
    4. Boen, Courtney, 2016. "The role of socioeconomic factors in Black-White health inequities across the life course: Point-in-time measures, long-term exposures, and differential health returns," Social Science & Medicine, Elsevier, vol. 170(C), pages 63-76.
    5. Piotr Bialowolski & Jing Jian Xiao & Dorota Weziak-Bialowolska, 2024. "Do All Savings Matter Equally? Saving Types and Emotional Well-Being Among Older Adults: Evidence from Panel Data," Journal of Family and Economic Issues, Springer, vol. 45(1), pages 88-105, March.
    6. Piotr Bialowolski & Dorota Weziak-Bialowolska & Eileen McNeely, 2021. "The Role of Financial Fragility and Financial Control for Well-Being," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 155(3), pages 1137-1157, June.
    7. Gibson-Davis, Christina & Boen, Courtney E. & Keister, Lisa A. & Lowell, Warren, 2023. "Net worth poverty and adult health," Social Science & Medicine, Elsevier, vol. 318(C).
    8. Jinhee Kim & Swarn Chatterjee, 2019. "Student Loans, Health, and Life Satisfaction of US Households: Evidence from a Panel Study," Journal of Family and Economic Issues, Springer, vol. 40(1), pages 36-50, March.
    9. Grohmann, Antonia & Hamdan, Jana S., 2020. "The Effect of Self-Control on Borrowing: Experimental Evidence," Rationality and Competition Discussion Paper Series 264, CRC TRR 190 Rationality and Competition.
    10. A. Håkansson, 2020. "Role of Gambling in Payback Failure in Consumer Credit—Data from a Large Body of Material Regarding Consumer Loan Recipients in Sweden," IJERPH, MDPI, vol. 17(8), pages 1-18, April.
    11. Naijie Guan & Alessandra Guariglia & Patrick Moore & Fangzhou Xu & Hareth Al-Janabi, 2022. "Financial stress and depression in adults: A systematic review," PLOS ONE, Public Library of Science, vol. 17(2), pages 1-20, February.
    12. Lynn, Peter & Fumagalli, Laura & Muñoz-Bugarin, Jair, 2021. "The effect of formal debt advice on financial management and knowledge: insights from a new longitudinal study in Britain," ISER Working Paper Series 2021-09, Institute for Social and Economic Research.
    13. Marco FRIGERIO & Cristina OTTAVIANI & Daniela VANDONE, 2018. "A Meta-Analytic Investigation of Consumer Over-Indebtedness: the Role of Impulsivity," Departmental Working Papers 2018-08, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    14. Roth, Paula, 2020. "Inequality, Relative Deprivation and Financial Distress: Evidence from Swedish Register Data," Working Paper Series 1374, Research Institute of Industrial Economics.
    15. Vicki Freedman & Robert Schoeni & Linda Martin & Jennifer Cornman, 2007. "Chronic conditions and the decline in late-life disability," Demography, Springer;Population Association of America (PAA), vol. 44(3), pages 459-477, August.
    16. Antonia Grohmann & Jana Hamdan, 2021. "The Effect of Self-Control and Financial Literacy on Impulse Borrowing: Experimental Evidence," Discussion Papers of DIW Berlin 1950, DIW Berlin, German Institute for Economic Research.
    17. Piotr Białowolski & Dorota Węziak-Białowolska, 2017. "What Does a Swiss Franc Mortgage Cost? The Tale of Polish Trust for Foreign Currency Denominated Mortgages: Implications for Well-Being and Health," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 133(1), pages 285-301, August.
    18. Sweet, Elizabeth, 2018. "“Like you failed at life”: Debt, health and neoliberal subjectivity," Social Science & Medicine, Elsevier, vol. 212(C), pages 86-93.
    19. Öztürk, Gamze & Yetkiner, Hakan & Özden, Elif, 2020. "Macroeconomic determinants of antidepressant use," Journal of Policy Modeling, Elsevier, vol. 42(6), pages 1394-1407.
    20. Pinter, Ilona & Ayre, David & Emmott, Emily, 2016. "The damage of debt: the impact of money worries on children's mental health and well-being," LSE Research Online Documents on Economics 118714, London School of Economics and Political Science, LSE Library.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:ijphth:v:65:y:2020:i:2:d:10.1007_s00038-019-01312-2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.