Avoiding a “despair death crisis” in Europe: the drivers of human (un)sustainability

Leonardo Becchetti and Gianluigi Conzo

International Review of Economics, 2021, vol. 68, issue 4, No 4, 485-526

Abstract: Abstract The emergence of the despair death crisis in the US stimulates researchers and policymakers to look at subjective wellbeing data from a different perspective. We wonder what can be done to avoid a similar situation in Europe, and to this purpose we analyse factors correlated with depression in the European Social Survey by considering the latter as a proxy of despair deaths. We find the strongest correlations with poor income, high-income expectations, low education, low-skilled jobs, poor social relationships, failure and shocks in affective relational life. We perform robustness checks finding that our results are robust when using alternative measures of psychological health and when instrumenting married status. If causality links between all these drivers and the dependent variable are verified and confirmed, as for marital status, we can conclude that the despair death crisis depends from a mix of material and immaterial factors (with the latter being dominant) that cannot be fully solved by mere monetary redistribution.

Keywords: Depression; Life satisfaction; Happiness (search for similar items in EconPapers)
JEL-codes: I30 I31 (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1007/s12232-021-00379-9

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