The Wealth, Health and Wellbeing of Ireland's Older People Before and During the Economic Crisis
AbstractThe economic crisis of 2008/9 was felt more acutely in Ireland relative to elsewhere and culminated in the international bailout in 2010. Given the economic collapse, Ireland provides an ideal case-study of the link between wealth collapses and movements in variables such as health and well-being. Using nationally-representative samples of older people collected before and during the crisis, we show that mean net assets fell by 45 percent between 2006/7 and 2012/13. In spite of this massive fall in wealth, measures of health and well-being remained broadly unchanged. However, expectations about future living standards became less optimistic. The results tend to support the findings of other recent studies that recessions do not have widespread negative effects on health and well-being.
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Bibliographic InfoPaper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 7832.
Length: 11 pages
Date of creation: Dec 2013
Date of revision:
Publication status: published in: Applied Economics Letters, 2014, 21 (10), 675-678
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Other versions of this item:
- A. Barrett & V. O'Sullivan, 2014. "The wealth, health and well-being of Ireland's older people before and during the economic crisis," Applied Economics Letters, Taylor & Francis Journals, Taylor & Francis Journals, vol. 21(10), pages 675-678, July.
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
This paper has been announced in the following NEP Reports:
- NEP-AGE-2013-12-29 (Economics of Ageing)
- NEP-ALL-2013-12-29 (All new papers)
- NEP-HAP-2013-12-29 (Economics of Happiness)
- NEP-HEA-2013-12-29 (Health Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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"Are Recessions Good For Your Health?,"
The Quarterly Journal of Economics, MIT Press,
MIT Press, vol. 115(2), pages 617-650, May.
- Tekin, Erdal & McClellan, Chandler & Minyard, Karen Jean, 2013.
"Health and Health Behaviors during the Worst of Times: Evidence from the Great Recession,"
IZA Discussion Papers
7538, Institute for the Study of Labor (IZA).
- Erdal Tekin & Chandler McClellan & Karen Jean Minyard, 2013. "Health and Health Behaviors during the Worst of Times: Evidence from the Great Recession," NBER Working Papers 19234, National Bureau of Economic Research, Inc.
- Christopher J. Ruhm, 2013. "Recessions, Healthy No More?," NBER Working Papers 19287, National Bureau of Economic Research, Inc.
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