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Economic Crises and Mortality Among the Elderly: Evidence from Two Russian Crises

Author

Listed:
  • Khvan, Margarita

    (New Economic School, Moscow)

  • Smorodenkova, Elizaveta

    (New Economic School, Moscow)

  • Yakovlev, Evgeny

    (New Economic School, Moscow)

Abstract

We assess the short-term effects of the two recent economic crises, the Great Recession and the collapse of the USSR, on the elderly mortality in Russia. According to our study, crises have led to an increase in mortality with quantitatively similar elasticities of death with respect to GDP fall for both events. Further analysis of the Great Recession suggests that income depreciation, limited access to medical services, and an increase in alcohol consumption are responsible for the rise in mortality. While increases at a higher rate compared to overall mortality, alcohol-related mortality explains a relatively small part of total mortality rise.

Suggested Citation

  • Khvan, Margarita & Smorodenkova, Elizaveta & Yakovlev, Evgeny, 2020. "Economic Crises and Mortality Among the Elderly: Evidence from Two Russian Crises," IZA Discussion Papers 13540, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izadps:dp13540
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    Keywords

    mortality; crises;

    JEL classification:

    • J1 - Labor and Demographic Economics - - Demographic Economics
    • H1 - Public Economics - - Structure and Scope of Government
    • I1 - Health, Education, and Welfare - - Health

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