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The impact of labour market shocks on mental health: evidence from the COVID-19 first wave


  • Bogliacino, Francesco

    (Universidad Nacional de Colombia)

  • codagnone, cristiano
  • Folkvord, F.
  • Lupiáñez-Villanueva, Francisco


In this study, we estimate the effect of a negative labour market shock on individuals’ levels of stress, anxiety, and depression. We use a dataset collected during the first wave of the COVID-19 pandemic, on a representative sample of citizens from Italy, Spain, and the United Kingdom, interviewed on three occasions. We measure stress, anxiety and depression and labour shocks using validated scales. Our research design is a standard differences-in-differences model: we leverage the differential timing of shocks to identify the impact on mental health. In our estimations, a negative labour shock increases the measure of stress, anxiety, and depression by 16% of a standard deviation computed from the baseline.

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  • Bogliacino, Francesco & codagnone, cristiano & Folkvord, F. & Lupiáñez-Villanueva, Francisco, 2022. "The impact of labour market shocks on mental health: evidence from the COVID-19 first wave," SocArXiv wx9d4, Center for Open Science.
  • Handle: RePEc:osf:socarx:wx9d4
    DOI: 10.31219/

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