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Fiscal Austerity, Unemployment and Suicide Rates in Greece

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  • Antonakakis, Nikolaos

Abstract

This study examines the effects of fiscal austerity, among other socioeconomic variables, on suicide rates in Greece over the period 1968-2011. Our results suggest that fiscal austerity, higher unemployment rates, negative economic growth and reduced fertility rates, significantly increase suicide rates in Greece, while increased alcohol consumption and divorce rates do not exert any significant influence on suicide rates. Interestingly, the effects of fiscal austerity and economic growth are gender-specific, as fiscal austerity measures and negative economic growth significantly increase male suicide rates, while no significantly effects of fiscal austerity and negative economic growth on female suicide rates could be identified. Finally, the effects of fiscal austerity on suicide rate are also age-specific, affecting mostly the population between the ages of 45 and 89 years. These results have important implications for policy makers, and for the creation and implementation of specialised suicide prevention programs in Greece by national health agencies.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 45198.

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Date of creation: 18 Mar 2013
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Handle: RePEc:pra:mprapa:45198

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Keywords: Fiscal austerity; suicide rate; unemployment; debt crisis;

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  1. Jungeilges, Jochen & Kirchgassner, Gebhard, 2002. "Economic welfare, civil liberty, and suicide: an empirical investigation," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 31(3), pages 215-231.
  2. Hamermesh, Daniel S & Soss, Neal M, 1974. "An Economic Theory of Suicide," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 83-98, Jan.-Feb..
  3. Neumayer, Eric, 2004. "Recessions lower (some) mortality rates:: evidence from Germany," Social Science & Medicine, Elsevier, vol. 58(6), pages 1037-1047, March.
  4. Beetsma, Roel & Giuliodori, Massimo & Hanson, Jesper, 2012. "Budgetary consolidation under different exchange rate regimes," Economics Letters, Elsevier, vol. 117(3), pages 912-916.
  5. Gerdtham, Ulf-G. & Johannesson, Magnus, 2003. "A note on the effect of unemployment on mortality," Journal of Health Economics, Elsevier, vol. 22(3), pages 505-518, May.
  6. John Bluedorn & Daniel Leigh, 2011. "Revisiting the Twin Deficits Hypothesis: The Effect of Fiscal Consolidation on the Current Account," IMF Economic Review, Palgrave Macmillan, vol. 59(4), pages 582-602, November.
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Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. So zerstört man den Euro
    by Ekkehart Schlicht in Funktionale Staatsfinanzen on 2013-04-16 14:34:00
  2. Warum Staatsverschuldung expansiv wirkt, insbesondere auch langfristig
    by Ekkehart Schlicht in Funktionale Staatsfinanzen on 2013-04-19 10:05:00
  3. Warum Staatsverschuldung expansiv wirkt, insbesondere auch langfristig
    by Ekkehart Schlicht in Funktionale Staatsfinanzen on 2013-04-19 14:26:00

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