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The Impact of Housing Prices on Health in U.S. Before, During and After the Great Recession

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  • Sung, Jaesang

Abstract

I estimate the effects of U.S. Metropolitan Statistical Area (MSA) housing prices on a variety of health outcomes and risky health behaviors separately for homeowners and tenants. The constructed dataset consists of information on individuals from the 2002 - 2012 Behavioral Risk Factor Surveillance System (BRFSS) combined with homeownership data from the March Current Population Survey (CPS) and housing prices from Freddie Mac. I estimate positive results for homeowners in terms of their health and negative results for tenants. I also find increases in risky behaviors among tenants associated with increases in housing prices, which may be driving the reduction in their health status. Those estimated effects are concentrated on low income homeowners and tenants. The estimated contemporaneous effects do not persist in the long run while the effects of an increase in housing prices on being obese become more pronounced for homeowners, resulting in worse self-reported health.

Suggested Citation

  • Sung, Jaesang, 2017. "The Impact of Housing Prices on Health in U.S. Before, During and After the Great Recession," MPRA Paper 78831, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:78831
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    More about this item

    Keywords

    Housing prices; Wealth inequality; Health; Risky behaviors; Homeowners; Tenants;
    All these keywords.

    JEL classification:

    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior
    • I14 - Health, Education, and Welfare - - Health - - - Health and Inequality
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health

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