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Financial Crisis, Health Outcomes, and Aging: Mexico in the 1980s and 1990s

Author

Listed:
  • Mendez, Oscar
  • Cutler, David
  • Knaul, Felicia
  • Lozano, Rafael
  • Zurita, Beatriz

Abstract

We study the impact of economic crisis on health in Mexico. There have been four wide-scale economic crises in Mexico in the past two decades, the most recent in 1995–96. We find that mortality rates for the very young and the elderly increase or decline less rapidly in crisis years as compared with non-crisis years. In the 1995–96 crisis, mortality rates were about 5 to 7 percent higher in the crisis years compared to the years just prior to the crisis. This translates into a 0.4 percent increase in mortality for the elderly and a 0.06 percent increase in mortality for the very young. We find tentative evidence that economic crises affect mortality by reducing incomes and possibly by placing a greater burden on the medical sector, but not by forcing less healthy members of the population to work or by forcing primary caregivers to go to work.

Suggested Citation

  • Mendez, Oscar & Cutler, David & Knaul, Felicia & Lozano, Rafael & Zurita, Beatriz, 2002. "Financial Crisis, Health Outcomes, and Aging: Mexico in the 1980s and 1990s," Scholarly Articles 2707939, Harvard University Department of Economics.
  • Handle: RePEc:hrv:faseco:2707939
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    References listed on IDEAS

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    2. Suzanne Duryea, 1998. "Children's Advancement Through School in Brazil: The Role of Transitory Shocks to Household Income," IDB Publications (Working Papers) 1139, Inter-American Development Bank.
    3. James A. Levinsohn & Steven T. Berry & Jed Friedman, 2003. "Impacts of the Indonesian Economic Crisis.Price Changes and the Poor," NBER Chapters,in: Managing Currency Crises in Emerging Markets, pages 393-428 National Bureau of Economic Research, Inc.
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    6. Christopher J. Ruhm, 2000. "Are Recessions Good for Your Health?," The Quarterly Journal of Economics, Oxford University Press, vol. 115(2), pages 617-650.
    7. Ruhm, Christopher J., 1995. "Economic conditions and alcohol problems," Journal of Health Economics, Elsevier, vol. 14(5), pages 583-603, December.
    8. Sebastian Edwards, 1998. "The Mexican Peso Crisis: How Much Did We Know? When Did We Know It?," The World Economy, Wiley Blackwell, vol. 21(1), pages 1-30, January.
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    10. Frankenberg, E. & Beegle, K. & Sikoki, B. & Thomas, D., 1999. "Health, Family Planning and Well-Being in Indonesia during an Economic Crisis: Early Results from the Indonesian Family Life Survey," Papers 99-06, RAND - Labor and Population Program.
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    Cited by:

    1. Joan Costa-Font & Martin Karlsson & Henning Øien, 2015. "Informal Care and the Great Recession," CINCH Working Paper Series 1502, Universitaet Duisburg-Essen, Competent in Competition and Health, revised Feb 2015.
    2. Ainhoa Aparicio & Libertad González Luna, 2013. "Newborn health and the business cycle: Is it good to be born in bad times?," Economics Working Papers 1374, Department of Economics and Business, Universitat Pompeu Fabra, revised Mar 2014.
    3. Gonzalez, Fidel & Quast, Troy, 2010. "Mortality and business cycles by level of development: Evidence from Mexico," Social Science & Medicine, Elsevier, vol. 71(12), pages 2066-2073, December.
    4. Herzfeld, Thomas & Huffman, Sonya & Rizov, Marian, 2014. "The dynamics of food, alcohol and cigarette consumption in Russia during transition," EconStor Open Access Articles, ZBW - German National Library of Economics, pages 128-143.
    5. Nikoloski, Zlatko & Ajwad, Mohamed Ihsan, 2013. "Do economic crises lead to health and nutrition behavior responses ? analysis using longitudinal data from Russia," Policy Research Working Paper Series 6538, The World Bank.
    6. Maren M. Michaelsen & Songül Tolan, 2012. "Children at Risk: The Effect of Crop Loss on Child Health in Rural Mexico," Ruhr Economic Papers 0376, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
    7. Fidel Gonzalez & Troy Quast, 2009. "Does the Relationship Between Mortality and the Business Cycle Vary by the Level of Economic Development? Evidence from Mexico," Working Papers 0908, Sam Houston State University, Department of Economics and International Business.
    8. Fidel Gonzalez & Troy Quast, 2011. "Macroeconomic changes and mortality in Mexico," Empirical Economics, Springer, pages 305-319.
    9. Borowy, Iris, 2011. "Similar but different: Health and economic crisis in 1990s Cuba and Russia," Social Science & Medicine, Elsevier, vol. 72(9), pages 1489-1498, May.
    10. Grant Miller & B. Piedad Urdinola, 2010. "Cyclicality, Mortality, and the Value of Time: The Case of Coffee Price Fluctuations and Child Survival in Colombia," Journal of Political Economy, University of Chicago Press, vol. 118(1), pages 113-155, February.
    11. Sheng-Ti Hung & Hui He, 2011. "Are Recessions Good for Your Health? A Macroeconomic Analysis," 2011 Meeting Papers 1178, Society for Economic Dynamics.
    12. repec:dau:papers:123456789/10603 is not listed on IDEAS
    13. Quast, Troy & Gonzalez, Fidel, 2014. "Economic cycles and heart disease in Mexico," Social Science & Medicine, Elsevier, vol. 109(C), pages 19-25.
    14. repec:hal:psewpa:halshs-00967328 is not listed on IDEAS
    15. repec:zbw:rwirep:0376 is not listed on IDEAS

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