Bidirectional, longitudinal associations between finance and health - what comes first? Evidence from middle-aged and older adults in Europe
Author
Abstract
Suggested Citation
DOI: 10.1016/j.socscimed.2025.118633
Download full text from publisher
As the access to this document is restricted, you may want to
for a different version of it.References listed on IDEAS
- Bridges, Sarah & Disney, Richard, 2010.
"Debt and depression,"
Journal of Health Economics, Elsevier, vol. 29(3), pages 388-403, May.
- Richard Disney & Sarah Bridges, 2006. "Debt and depression," Discussion Papers 06/02, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
- Selenko, Eva & Batinic, Bernad, 2011. "Beyond debt. A moderator analysis of the relationship between perceived financial strain and mental health," Social Science & Medicine, Elsevier, vol. 73(12), pages 1725-1732.
- 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.
- Angela C. Lyons & Tansel Yilmazer, 2005. "Health and Financial Strain: Evidence from the Survey of Consumer Finances," Southern Economic Journal, Southern Economic Association, vol. 71(4), pages 873-890, April.
- Kitty S. Chan & Judith D. Kasper & Jason Brandt & Liliana E. Pezzin, 2012. "Measurement Equivalence in ADL and IADL Difficulty Across International Surveys of Aging: Findings From the HRS, SHARE, and ELSA," The Journals of Gerontology: Series B, The Gerontological Society of America, vol. 67(1), pages 121-132.
- Atella, Vincenzo & Brunetti, Marianna & Maestas, Nicole, 2012.
"Household portfolio choices, health status and health care systems: A cross-country analysis based on SHARE,"
Journal of Banking & Finance, Elsevier, vol. 36(5), pages 1320-1335.
- Vincenzo Atella & Marianna Brunetti & Nicole Maestas, 2011. "Household Portfolio Choices, Health status and Health Care Systems A Cross-Country Analysis Based on SHARE," CEIS Research Paper 183, Tor Vergata University, CEIS, revised 21 Jan 2011.
- Ziyu Liu & Ke Zhao & Jinquan Liu & Yongfu Liu, 2023. "The Impact of Household Debt on the Health of the Elderly in China: Evidence from China Family Panel Studies," IJERPH, MDPI, vol. 20(4), pages 1-21, February.
- Rui Zhang & Chenglei Zhang & Jiahui Xia & Dawei Feng & Shaoyong Wu, 2022. "Household Wealth and Individuals’ Mental Health: Evidence from the 2012–2018 China Family Panel Survey," IJERPH, MDPI, vol. 19(18), pages 1-18, September.
- de Almeida, Filipa & Scott, Ian J. & Soro, Jerônimo C. & Fernandes, Daniel & Amaral, André R. & Catarino, Mafalda L. & Arêde, André & Ferreira, Mário B., 2024. "Financial scarcity and cognitive performance: A meta-analysis," Journal of Economic Psychology, Elsevier, vol. 101(C).
- Tansel Yilmazer & Stephen Lich, 2015. "Portfolio choice and risk attitudes: a household bargaining approach," Review of Economics of the Household, Springer, vol. 13(2), pages 219-241, June.
- Ettman, Catherine K. & Dewhurst, Emma & Satpathy-Horton, Rajesh & Hatton, C. Ross & Thornburg, Ben & Castrucci, Brian C. & Galea, Sandro, 2025. "Whose assets? Individual and household income and savings and mental health in a longitudinal cohort," Social Science & Medicine, Elsevier, vol. 370(C).
- Lindsay R. Wilkinson, 2016. "Financial Strain and Mental Health Among Older Adults During the Great Recession," The Journals of Gerontology: Series B, The Gerontological Society of America, vol. 71(4), pages 745-754.
- Shuying Shen & Abdoul G. Sam & Eugene Jones, 2014. "Credit Card Indebtedness and Psychological Well-Being Over Time: Empirical Evidence from a Household Survey," Journal of Consumer Affairs, Wiley Blackwell, vol. 48(3), pages 431-456, October.
- Angela C. Lyons & Tansel Yilmazer, 2005. "Health and Financial Strain: Evidence from the Survey of Consumer Finances," Southern Economic Journal, John Wiley & Sons, vol. 71(4), pages 873-890, April.
- Patryk Babiarz & Richard Widdows & Tansel Yilmazer, 2013. "Borrowing To Cope With Adverse Health Events: Liquidity Constraints, Insurance Coverage, And Unsecured Debt," Health Economics, John Wiley & Sons, Ltd., vol. 22(10), pages 1177-1198, October.
- 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.
- 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.
- 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.
- Soomin Ryu & Lu Fan, 2023. "The Relationship Between Financial Worries and Psychological Distress Among U.S. Adults," Journal of Family and Economic Issues, Springer, vol. 44(1), pages 16-33, March.
- Grossman, Michael, 1972. "On the Concept of Health Capital and the Demand for Health," Journal of Political Economy, University of Chicago Press, vol. 80(2), pages 223-255, March-Apr.
- Jiru Song & Mingzheng Hu & Shaojie Li & Xin Ye, 2023. "The Impact Mechanism of Household Financial Debt on Physical Health in China," IJERPH, MDPI, vol. 20(5), pages 1-13, March.
- Leigh Ann Leung & Catherine Lau, 2017. "Effect of mortgage indebtedness on health of U.S. homeowners," Review of Economics of the Household, Springer, vol. 15(1), pages 239-264, March.
- 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.
- Samaratunge, Ramanie & Kumara, Ajantha Sisira & Abeysekera, Lakmal, 2020. "Breaking the Perverse Health-debt Cycle in Sri Lanka: Policy Options," Journal of Policy Modeling, Elsevier, vol. 42(3), pages 728-745.
- Bialowolski, Piotr & Weziak-Bialowolska, Dorota & Lee, Matthew T. & Chen, Ying & VanderWeele, Tyler J. & McNeely, Eileen, 2021. "The role of financial conditions for physical and mental health. Evidence from a longitudinal survey and insurance claims data," Social Science & Medicine, Elsevier, vol. 281(C).
- Burgard, Sarah A. & Seefeldt, Kristin S. & Zelner, Sarah, 2012. "Housing instability and health: Findings from the Michigan recession and recovery study," Social Science & Medicine, Elsevier, vol. 75(12), pages 2215-2224.
- Hyungsoo Kim & Wonah Yoon & Karen A. Zurlo, 2012. "Health Shocks, Out-of-Pocket Medical Expenses and Consumer Debt Among Middle-Aged and Older Americans," Journal of Consumer Affairs, Wiley Blackwell, vol. 46(3), pages 357-380, September.
- Stefani Milovanska-Farrington & Stephen Farrington, 2021. "Discipline, risk, and the endogeneity between financial decisionmaking and health," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 45(4), pages 596-636, October.
- Dimitrios Kourouklis & Georgia Verropoulou & Cleon Tsimbos, 2019. "The impact of wealth and income on the depression of older adults across European welfare regimes," Post-Print hal-02171080, HAL.
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.- 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.
- 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.
- 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.
- Maite Blázquez & Santiago Budría & Ana I. Moro‐Egido, 2021.
"Job Insecurity, Debt Burdens, and Individual Health,"
Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 67(4), pages 872-899, December.
- Blázquez Cuesta, Maite & Budría, Santiago & Moro-Egido, Ana I., 2019. "Job Insecurity, Debt Burdens and Individual Health," IZA Discussion Papers 12663, IZA Network @ LISER.
- French, Declan & Vigne, Samuel, 2019. "The causes and consequences of household financial strain: A systematic review," International Review of Financial Analysis, Elsevier, vol. 62(C), pages 150-156.
- 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.
- Piotr Białowolski, 2018. "Hard Times! How do Households Cope with Financial Difficulties? Evidence from the Swiss Household Panel," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 139(1), pages 147-161, August.
- 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.
- Blázquez, Maite & Budría, Santiago & Moro-Egido, Ana I., 2020. "Over-indebtedness and age: The effects on individual health," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 87(C).
- Yilmazer, Tansel & Babiarz, Patryk & Liu, Fen, 2015. "The impact of diminished housing wealth on health in the United States: Evidence from the Great Recession," Social Science & Medicine, Elsevier, vol. 130(C), pages 234-241.
- Stefan Angel, 2016. "The Effect of Over-Indebtedness on Health: Comparative Analyses for Europe," Kyklos, Wiley Blackwell, vol. 69(2), pages 208-227, May.
- Susan J Smith & Melek Cigdem & Rachel Ong & Gavin Wood, 2017. "Wellbeing at the edges of ownership," Environment and Planning A, , vol. 49(5), pages 1080-1098, May.
- Lucia F. Dunn & Ida A. Mirzaie, 2023. "Gender Differences in Consumer Debt Stress: Impacts on Job Performance, Family Life and Health," Journal of Family and Economic Issues, Springer, vol. 44(3), pages 550-567, September.
- Lawrence M. Berger & Jason N. Houle, 2019. "Rising Household Debt and Children’s Socioemotional Well-being Trajectories," Demography, Springer;Population Association of America (PAA), vol. 56(4), pages 1273-1301, August.
- JoaquÃn Prieto, 2021. "A multidimensional approach to measuring economic insecurity: The case of Chile," Working Papers 591, ECINEQ, Society for the Study of Economic Inequality.
- 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.
- Dong, Jingxuan & Li, Qiang & Cheung, Adrian (Wai Kong), 2026. "The impact of health status on household portfolio efficiency: Insights from medical insurance," Emerging Markets Review, Elsevier, vol. 70(C).
- Cesar Leandro, Julio & Botelho, Delane, 2022. "Consumer over-indebtedness: A review and future research agenda," Journal of Business Research, Elsevier, vol. 145(C), pages 535-551.
- Bialowolski, Piotr & Weziak-Bialowolska, Dorota & Lee, Matthew T. & Chen, Ying & VanderWeele, Tyler J. & McNeely, Eileen, 2021. "The role of financial conditions for physical and mental health. Evidence from a longitudinal survey and insurance claims data," Social Science & Medicine, Elsevier, vol. 281(C).
- Ettman, Catherine K. & Dewhurst, Emma & Satpathy-Horton, Rajesh & Hatton, C. Ross & Thornburg, Ben & Castrucci, Brian C. & Galea, Sandro, 2025. "Whose assets? Individual and household income and savings and mental health in a longitudinal cohort," Social Science & Medicine, Elsevier, vol. 370(C).
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:eee:socmed:v:385:y:2025:i:c:s0277953625009645. 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: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/315/description#description .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.
Printed from https://ideas.repec.org/a/eee/socmed/v385y2025ics0277953625009645.html