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Financial Distress and Use of Mental Health Care: Evidence from Antidepressant Prescription Claims

Author

Listed:
  • Haizhen Lin

    (Department of Business Economics and Public Policy, Indiana University Kelley School of Business)

  • Jonathan D. Ketcham

    (Arizona State University)

  • James N. Rosenquest

    (Harvard Medical School)

  • Kosali Simon

    (Indiana University)

Abstract

Using nationwide county-level longitudinal data, we show that recent declines in housing prices are associated with an increased utilitization of antidepressant prescriptions among the near elderly. Our results persist in difference-in-difference models using either all non-antidepressant drugs or statins as controls.

Suggested Citation

  • Haizhen Lin & Jonathan D. Ketcham & James N. Rosenquest & Kosali Simon, 2013. "Financial Distress and Use of Mental Health Care: Evidence from Antidepressant Prescription Claims," Working Papers 2013-06, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy.
    • Handle: RePEc:iuk:wpaper:2013-06
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    File URL: http://kelley.iu.edu/riharbau/RePEc/iuk/wpaper/bepp2013-06-lin-ketcham-rosenquest-simon.pdf
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    References listed on IDEAS

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    Cited by:

    1. Kárpáti, Daniel & Renneboog, Luc, 2021. "Corporate Financial Frictions and Employee Mental Health," Discussion Paper 2021-003, Tilburg University, Center for Economic Research.
    2. Ezra Golberstein & Gilbert Gonzales & Ellen Meara, 2016. "Economic Conditions and Children's Mental Health," NBER Working Papers 22459, National Bureau of Economic Research, Inc.
    3. Katolik, Aleksandra & Oswald, Andrew J., 2017. "Antidepressants for Economists and Business-School Researchers: An Introduction and Review," Die Unternehmung - Swiss Journal of Business Research and Practice, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 71(4), pages 448-463.
    4. Bénédicte Apouey & Isabelle Chort, 2018. "Are rising house prices really good for your brain? House value and cognitive functioning among older Europeans," Working Papers hal-02141060, HAL.
    5. Ezra Golberstein & Gilbert Gonzales & Ellen Meara, 2019. "How do economic downturns affect the mental health of children? Evidence from the National Health Interview Survey," Health Economics, John Wiley & Sons, Ltd., vol. 28(8), pages 955-970, August.
    6. Alexander C Tsai, 2015. "Home Foreclosure, Health, and Mental Health: A Systematic Review of Individual, Aggregate, and Contextual Associations," PLOS ONE, Public Library of Science, vol. 10(4), pages 1-21, April.
    7. Preston Morgan & HanNa Lim, 2020. "Depressive Symptom and Financial Conflict Relate Over Time Among Couples," Journal of Family and Economic Issues, Springer, vol. 41(3), pages 391-404, September.
    8. Tomasz Piotr Wisniewski & Brendan John Lambe & Keshab Shrestha, 2020. "Do Stock Market Fluctuations Affect Suicide Rates?," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 43(4), pages 737-765, December.
    9. Isabelle CHORT & Bénédicte APOUEY, 2018. "Are rising house prices really good for your brain? House value and cognitive functioning among older Europeans," Working Papers 2017-2018_7, CATT - UPPA - Université de Pau et des Pays de l'Adour, revised Oct 2018.
    10. Katolik, Aleksandra & Oswald, Andrew J., 2017. "Antidepressants for Economists and Business-School Researchers: An Introduction and Review," CAGE Online Working Paper Series 338, Competitive Advantage in the Global Economy (CAGE).
    11. 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.
    12. Ayyagari, Padmaja & Shane, Dan M., 2015. "Does prescription drug coverage improve mental health? Evidence from Medicare Part D," Journal of Health Economics, Elsevier, vol. 41(C), pages 46-58.

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    More about this item

    Keywords

    financial distress; housing crisis; mental health; prescription;
    All these keywords.

    JEL classification:

    • I1 - Health, Education, and Welfare - - Health

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