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Health Status and the Great Recession. Evidence from Electronic Health Records

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Abstract

We investigate the health impacts of unemployment during the Great Recession and are the first to focus on incidence of chronic diseases in a unique individual-level longitudinal database of Electronic Health Records. We exploit the exogenous shock in the economic conditions occurred in 2008 in Italy to estimate heterogenous effects of unemployment in an individual fixed effects model. Our results document that economic downturns have a long-lasting effect on the incidence of cardiovascular diseases and a temporary effect on depression. The effects increase with age and are stronger right before retirement age. Women are disproportionally affected by cardiovascular diseases, while men are disproportionately affected by depression. An important recommendation emerging from this study is that policy makers should bear in mind that prolonged economic downturns constitute an additional external risk for individual health and not a temporary benefit.

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  • Federico Belotti & Joanna Kopinska & Alessandro Palma & Andrea Piano Mortari, 2018. "Health Status and the Great Recession. Evidence from Electronic Health Records," CEIS Research Paper 425, Tor Vergata University, CEIS, revised 16 Dec 2020.
  • Handle: RePEc:rtv:ceisrp:425
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    Cited by:

    1. Domenico Depalo, 2020. "Explaining the causal effect of adherence to medication on cholesterol through the marginal patient," Health Economics, John Wiley & Sons, Ltd., vol. 29(S1), pages 110-126, October.

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    More about this item

    Keywords

    health status; unemployment; economic crisis; Great Recession;
    All these keywords.

    JEL classification:

    • I10 - Health, Education, and Welfare - - Health - - - General
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling

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